Iran, US say Strait of Hormuz deal is close, but one or both would have to back down

· thehindubusinessline.com

Iran said on Wednesday it is in the “final stage” of drafting an agreement with Oman over the Strait of Hormuz, and US President Donald Trump has said a deal could be announced this week. That could potentially reopen the critical waterway, ease pressure on the world economy and help bring an end to the war.

Iran said on Wednesday it is in the “final stage” of drafting an agreement with Oman over the Strait of Hormuz, and US President Donald Trump has said a dea...


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