Iran Says Hormuz Talks With Oman in "Final Stages"; Trump Claims Negotiations Imminent — but Tehran Says It's Not Talking to Washington

Iran's foreign minister said August 2 that negotiations with Oman over the Strait of Hormuz were in their "final stages." Tehran states it is negotiating with Muscat, not Washington. Trump said August 3 he expected talks to begin within "a day or two." Whether both sides refer to the same process is unclear. The strait carried roughly a fifth of global oil and LNG flows before the conflict.