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Pakistan says US, Iran nearing deal as Hormuz tensions persist and oil prices fall

Updated 8/12/2026, 7:02:41 PMCluster Impact 0.24

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GDELTWashington D.C.

Pakistan says US, Iran nearing deal as Hormuz tensions persist and oil prices fall

Goldstein: -0.4Tone: -4.2

Pakistan’s defense minister said Tuesday that the United States and Iran appeared to be nearing an agreement, offering a rare sign of progress in negotiations even as Washington and Tehran continued to trade threats and U.S. forces enforced a blockade of Iranian ports. Pakistani Defense Minister Khawaja Muhammad Asif told Bloomberg that developments over the past several days suggested the two sides were moving closer to "some sort of an arrangement." “Things are shaping up again in favor of a peace arrangement or a deal,” Asif said. “The signals in the last two, three days are that we are close to some sort of an arrangement.” Oil prices fell following Asif’s comments amid renewed hopes for an agreement, Bloomberg reported. The remarks came alongside reports that Pakistani Interior Minister Mohsin Naqvi had arrived in Tehran for talks. Until now, negotiations had appeared to be stalled. U.S. President Donald Trump, who said Monday that he was “low keying” on Iran, later renewed his threats against Tehran in a Truth Social post. “I see that Representatives of the Islamic Republic of Iran are asking for compensation for the damage done to them during the last five month Military Conflict,” Trump wrote. “[I]t is an interesting idea because now I am likewise demanding compensation from Iran, for all of the people that they have killed and gravely wounded with their roadside bombs and many conflicts, for which they are famous, as led initially by General Soleimani, including the families of those killed on the USS Cole, and thousands of others killed in combat.” Later, speaking to reporters at the White House, Trump was asked what he would do if the latest round of negotiations failed to produce an agreement and whether a broader escalation of the fighting remained an option. “We have that certainly in that ability if we want to do that,” Trump said. The diplomatic maneuvering came as U.S. forces reportedly attacked a Panama-flagged ship Tuesday morning as it attempted to evade the U.S. blockade of Iranian ports. The Wall Street Journal reported that a U.S. military helicopter fired a Hellfire missile at the ship's rudder after its crew ignored warnings from American forces enforcing the blockade, citing a U.S. official. There were no immediate reports of injuries in the incident, which occurred before dawn. The U.S. official said the vessel appeared to have attempted to transfer its crew to another civilian ship following the attack. A maritime security company separately reported that a Panama-flagged container ship identified as the Vela Nova had been struck by a missile fired from a helicopter as it sailed west through the Gulf of Oman, about 131 kilometers (81 miles) off the coast of Pakistan. “The missile struck the vessel and caused a fire, which was subsequently extinguished,” the security company said in an initial report. All 17 crew members were unharmed, according to the company. The incident underscored the continuing military tensions surrounding the negotiations. The United States has imposed a blockade on Iranian ports that has constrained Tehran’s ability to export oil, adding to economic pressure on the Islamic Republic. Israel, meanwhile, is closely following reports from Washington that Trump could seek to declare victory and bring the war with Iran to an end even without an agreement dismantling Tehran’s nuclear program, provided Iran agrees to reopen the Strait of Hormuz without restrictions. The strait, which connects the Persian Gulf with the Gulf of Oman and Arabian Sea, is one of the world’s most important energy corridors and a critical route for global oil and liquefied natural gas shipments. Israeli officials have expressed concern about the possibility of an abrupt shift in Trump’s approach. “There is an element of concern because Trump is unpredictable and also tends to change his mind,” an Israeli official said Monday. The prevailing assessment in Israel is that Trump is reluctant to resume large-scale fighting but wants to maintain economic pressure on Iran, including through the blockade of its seaports and restrictions affecting its ability to export oil. A senior Israeli official said the current situation was favorable to Israel because it maintained pressure on Tehran without requiring an immediate return to intensive fighting. “The current situation is the best for us — the blockade remains in place and the economic pressure on Iran continues,” the official said.

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NBCUnited States

Iran says deal on Strait of Hormuz is close but will not open the waterway by itself

Goldstein: 0.0Tone: 20.0CAMEO 01

Iran said on Saturday that a deal with Oman on control of the Strait of Hormuz was close but would not be enough to free up the waterway, and the United Arab Emirates said Iran had hit another ship there. A U.S. official, who declined to be identified, said on Friday that Washington anticipated an agreement soon between Iran and Oman, which sit on either side of the strait, so that normal oil traffic could resume. Agreement between the two countries over control of the strategic waterway is seen as crucial to a wider agreement to end the conflict that began with U.S. and Israeli attacks on Iran on Feb. 28. Iranian Foreign Minister Abbas Araghchi said Iran and Oman were “very close” to agreement on a new shipping route through the Strait of Hormuz but that reopening the strait depended on other conditions, including U.S. compensation to Iran. The previous shipping traffic separation scheme through the strait was no longer acceptable to Tehran, he said, adding that Iran was discussing a temporary route with Oman while technical and legal issues surrounding a permanent route were resolved. Iran has responded to the U.S. attacks by targeting U.S. bases in Gulf states and Jordan, and shipping in the narrow strait, which carried a fifth of the world’s oil and gas shipments before the war. The UAE said on Saturday that Iran had attacked a carrier affiliated with its state oil company with a missile as it transited the Strait of Hormuz, with no injuries reported, in the latest escalation in attacks on shipping there. There was no immediate comment from Iranian authorities. Iranian media quoted the UAE report without including the part in which the country blamed Iran for the attack. U.S. to lift Iran blockade once deal is announced, official says In recent weeks, the Trump administration has repeatedly signaled that a deal to open the strait could be close, only to have Iran deny that talks are under way. It was unclear whether the latest flurry of negotiations would yield a more lasting arrangement. “There is progress between Oman and Iran on the strait, and we expect a deal soon,” a U.S. official told Reuters on Friday. “Once the deal is announced to restore commercial shipping without impediments, the United States will lift the blockade of Iranian ports.” “As always, U.S. actions will continue to be performance-based and tied to Iran’s implementation of its commitments,” the official said. Iran and Oman negotiate over Strait of Hormuz control Iran’s Islamic Revolutionary Guard Corps also said on Saturday that re-opening the Strait of Hormuz depended on Washington accepting Iran’s conditions and was not related to the Iran-Oman negotiations. IRGC spokesperson Hossein Mohebbi did not specify the conditions but said Washington must stop interfering in the regional negotiation process. “Whenever the United States accepts Iran’s conditions, the Strait of Hormuz will certainly be reopened,” he said, according to Iran’s Tasnim news agency. Sources said a deal would give Iran some control A proposed deal between Iran and Oman to help end five months of war between Iran and the U.S. would give Tehran control over ships entering the Gulf through the strait, a senior Iranian source and two regional officials told Reuters on Wednesday, one of the biggest concessions yet to Iran. U.S. officials have repeatedly insisted they would never agree to Iran controlling access to the world’s most important trade route for energy supplies. It was not clear whether they had sought to change the parameters of the deal. Iran has used the hostilities to justify charging a toll on oil tankers. That, and the firing on ships that attempt to cross the strait without its permission, has badly disrupted global shipments, causing energy prices to surge and fueling inflation. Abu Dhabi National Oil Company, one of the world’s largest energy producers, said on Friday that 15 of its vessels had been struck in what it called unprovoked attacks while transiting the Strait of Hormuz since the start of the conflict. The attacks have killed one crew member and wounded 20 others, it said. Iranian media often report attacks on ships saying they violated Iran’s directives, without specifying that Iran was behind the attacks. Iranian strikes on Strait of Hormuz shipping have been coupled with increased attacks by its Yemen-based allies, the Houthis, who have targeted ships at another oil chokepoint on the other side of the Arabian Peninsula between the Red Sea and Gulf of Aden.

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