Brief by Shorts91 Newsdesk / 12:25pm on 10 Aug 2026,Monday International
Iran says a new agreement with Oman on shipping routes through the strategically vital Strait of Hormuz is nearing completion, but the waterway will not reopen unless the United States meets Tehran’s demands. Iran is seeking compensation for damage from US attacks, an end to military threats, removal of the US naval blockade, sanctions relief and the release of frozen Iranian assets. Direct US-Iran talks remain suspended, with messages exchanged through intermediaries. The strait, which previously carried around one-fifth of global oil and LNG flows, has remained effectively blocked, keeping energy markets under pressure. (PC: Reuters)
