The U.S. is
in 'very good discussions' with Iran to reopen the Strait of Hormuz, a key
waterway handling one-fifth of the world's oil and gas trade, shut since
earlier 2026 conflict.
A potential
60-day interim deal with Oman would restore shipping via separate inbound and
outbound routes, clear naval mines, and avoid fees, possibly leading to nuclear
talks.
Trump warned of hard consequences if Iran backs out, while Iranian media denied U.S. talks exist; markets responded with gold and silver prices surging nearly $1 trillion on hopes of lower risks.