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The Latest Breaking News from Oman

Qatar sees 'positive' signs in Iran-Oman talks on reopening Hormuz

Doha said Iran and Oman had reached the technical stage of negotiations and were finalising shipping route coordinates, but warned against delay as only six vessels transited Hormuz on Monday compared with 130-140 before the war.

Euronews

Oil spill off Oman coast shows no sign of stabilising: analyst

Leaking crude oil from a tanker grounded off a nature reserve in Oman has created a slick covering almost 154 square miles, the country's government said on Monday (August 10). John Amos, CEO of environmental nonprofit SkyTruth, said there had not been any sign of vessel activity at the site…

Bangkok Post

Crude Prices Soar as Strait of Hormuz Reopening in Doubt

September WTI crude oil (CLU26 ) closed up +3.95 (+5.05%) on Monday, and September RBOB gasoline (RBU26 ) closed up +0.1501 (+5.03%). Crude oil and gasoline prices rallied sharply on Monday, with gasoline soaring to a 1-week high. The lack of an agreement between Iran and Oman to reopen the...

Barchart

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Crude Prices Soar as Middle East Tensions Curb Global Oil Supplies

September WTI crude oil (CLU26 ) is up +2.76 (+3.53%) on Friday, and September RBOB gasoline (RBU26 ) is up +0.1203 (+4.03%). Crude oil and gasoline prices are sharply higher today, with gasoline climbing to a 1-week high. The lack of an agreement between Iran and Oman to reopen the...

Barchart

Iranian Adviser Tells Tehran to Play the Long Game and Outlast Trump Until 2029

An Iranian adviser suggests Tehran should avoid both war and deals with Trump, advocating for strategic patience until his presidency ends in 2029, while denying direct US talks.

International Business Times UK

Oil spill off Oman from tanker under sanctions against Russia spreads over huge area

The Caroline Bezengi's crew first reported difficulties on June 8 off the southern Yemeni port ‌of Mukalla, two ⁠maritime ⁠security sources said, adding that initial assessments indicated that a blast occurred onboard.

The Economic Times

Strait of Hormuz to stay shut until US ends naval blockade: Iranian FM spokesperson

Iran stated the Strait of Hormuz will not reopen until the US halts its naval blockade. Foreign Ministry spokesperson Esmaeil Baghaei attributed the closure to military aggression. He emphasized that reopening depends on conditions imposed by American and Israeli authorities. Iranian Foreign Minister Seyed Abbas Araghchi confirmed no active negotiations…

The Economic Times

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Iran says Hormuz transit fee details not under discussion in Oman talks

Iran is not currently discussing details of possible transit fees with Oman as the two countries negotiate a new shipping route through the Strait of Hormuz, Foreign Ministry spokesperson Esmail Baghaei said. He said talks on the maritime mechanism remain ongoing, with the two sides discussing safe passage, environmental issues,…

The Economic Times

New Hormuz security mechanisms developed with Oman: Iran's Foreign Ministry, says US violations block safe waterway

Iran and Oman are developing new mechanisms to monitor shipping safety through the Strait of Hormuz. Discussions between Tehran and Muscat are progressing smoothly and constructively on this matter. These mechanisms will cover shipping, environmental issues, maritime services, and crime combating. Iran states the Strait remains unsafe due to ongoing…

The Economic Times

Oil Prices Rise on Iran-Oman Deal Hopes Despite Hormuz Stalemate

Oil prices are fluctuating due to diplomatic tensions over the Strait of Hormuz, with traders reacting to signals from Tehran, Washington, and Muscat rather than supply-demand fundamentals.

International Business Times UK

Oil Price Today (August 10): Crude oil rises to $85 amid Hormuz worries as attacks continue. What are experts saying?

Oil prices climbed Monday as Strait of Hormuz reopening remained uncertain. Iran stated a deal with Oman was nearing completion for new shipping lanes. Attacks on Saudi and UAE facilities heightened supply concerns over the weekend. Analysts predict significant price increases if disruptions continue for months. Oil is expected to…

The Economic Times

Gold holds steady after scaling 7-week high, US inflation data in focus

Gold prices remained stable during the early Asian trading hours on Monday, as investors gear up for significant inflation reports set to be released later this week. The recent underwhelming U.S. jobs data has tempered expectations for interest rate hikes. Meanwhile, ongoing geopolitical situations concerning Iran and Oman continue to…

The Economic Times

Oil rises on uncertainty over reopening of Hormuz

Oil prices surged on Monday amidst growing uncertainty about the reopening of the vital Strait of Hormuz. Iran indicated that negotiations with Oman were advancing but insisted that U.S. terms must be fulfilled first. Traders are now on high alert, looking for solid evidence before they consider lowering risk premiums…

The Economic Times

Iran Links Hormuz Reopening to US Meeting Its Demands: Dow Futures Fall 127 Points, Brent Above $84

Iran said an agreement with Oman on new shipping lanes through the Strait of Hormuz is in its "final stages," but Tehran reiterated that the strategic waterway will not reopen unless the U.S. meets several conditions.

Benzinga

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The Economic Times

Iran ties Hormuz reopening to US concessions on several demands

Iran says a deal with Oman on new shipping lanes through the Strait of Hormuz is in its final stages, but reopening the strategic waterway depends on U.S. concessions, including compensation, sanctions relief and an end to military threats. The developments come amid heightened regional tensions and attacks on shipping.

France 24

Iran vows to keep Strait of Hormuz closed until US meets demands

Iran’s Revolutionary Guards said Sunday that the Strait of Hormuz would remain closed until the US meets Tehran’s demands, including an end to sanctions and compensation for war damage. The blockade of the crucial energy route has rattled markets and pushed up prices, while President Donald Trump said he was…

International Business Times

No Direct US-Iran Talks Now. Middle East Peace Missives Take Back Channel Route

Tehran's top diplomat also said even if Iran strikes a deal with Oman to secure a trade route through the contentious Strait of Hormuz, that wouldn't ensure peace. Foreign Minister Abbas Araghchi has reiterated that IRGC's demands should be met by the Washington to reopen the Strait of Hormuz.

The Economic Times

US Iran war: Trump may ditch nuclear deal plan if Tehran reopens Hormuz

US President Trump seeks an exit from the Iran war as the conflict continues to escalate. The administration may set aside the nuclear issue for Strait of Hormuz reopening. Iran has set new conditions for reopening the strategic waterway, demanding US behavior correction. Financial demands and sanctions remain significant hurdles…

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The Economic Times

No direct talks with US, exchange of messages through intermediaries, says Iranian FM Araghchi

Iran is not currently engaged in direct negotiations with the United States, while messages between the two sides are being exchanged through intermediaries, Iranian Foreign Minister Seyyed Abbas Araghchi said on Sunday.

France 24

Netanyahu rejects US-backed Gaza plan as Trump board head calls it 'only way forward'

A US-backed plan for Gaza remains the “only way forward” to prevent a repeat of Hamas’s October 7, 2023 attack, a senior official overseeing the proposal said Sunday. The comments came after Israeli PM Benjamin Netanyahu rejected the 15-point plan for Gaza and stressed that the Israeli military would not…

Bangkok Post

Iran issues demands for reopening of Hormuz

DUBAI - Iran set preconditions on Saturday for a reopening of the Strait of Hormuz, including compensation for war damages, complicating a potential deal to open the waterway essential to the world economy.

The Times of India

Strait of Hormuz standoff: What conditions have US, Iran set to reopen waterway

Iran has made clear that a deal with Oman on a new shipping arrangement for the Strait of Hormuz will not, by itself, reopen the strategic waterway. Tehran says the strait will reopen only after the United States accepts a broader set of Iranian conditions, while Washington has indicated that…

The Economic Times

Iran says Hormuz deal with Oman close, but strait reopening hinges on US concessions

Iran and Oman are nearing a deal for a new shipping route through the Strait of Hormuz. This agreement is seen as vital for ending the ongoing war and resuming normal oil traffic. However, Iran insists on further conditions, including U.S. compensation and an end to threats. The United Arab…

The Guardian - UK

Iran issues tough demands to reopen strait of Hormuz as deal still out of reach

Tehran urges US to ‘correct its behaviour’ as UAE says one of its ships targeted by Iranian missile

Latin Times

Iran Says Hormuz Stays Half-Shut Until Washington Bends — Even as an Oman Deal Nears

Iran says Hormuz won't fully reopen until the US yields, even as Tehran and Oman near a deal to split control of the strait.

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