Draft Deal to Reopen Strait of Hormuz Awaits Iran's Supreme Leader

Iranian and Omani negotiators finalized a draft agreement to reopen the Strait of Hormuz, a chokepoint carrying a major share of global seaborne oil, Audacy reported on August 5, 2026. The deal awaits approval from Iran's supreme leader. President Trump said a deal could come as early as Wednesday or Thursday. A prior April reopening was temporary.