US says Iran Hormuz deal could come 'today or tomorrow' as oil prices plunge
A senior Trump administration official said an agreement to restore shipping through the Strait of Hormuz could be reached as soon as "today or tomorrow," fueling hopes of a diplomatic breakthrough despite Iran's public denials that it is negotiating with Washington.
A senior US official has expressed hope that a deal to restore shipping through the Strait of Hormuz could be reached as soon as today or tomorrow. This has led to a decrease in oil prices due to optimism for increased shipments in the vital waterway.
The Strait of Hormuz is a key conduit for global oil and gas supplies and has been at the centre of repeated fighting despite ceasefire and diplomatic efforts. According to US Treasury Secretary, there is a chance a deal may be reached in the coming hours.
The situation remains fragile, with one crew member listed missing on a merchant ship hit by a projectile in Hormuz, with fire erupting in the accommodation area.
Brief written by urgent.news from France 24, Channel News Asia, Free Malaysia Today, Al-Monitor — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.
