US President Donald Trump said on Sunday (August 2) the U.S. held off on a fresh attack on Iran for a deal to halt Iran's nuclear ambitions and reopen the Strait of Hormuz.
Iran's official news agency IRNA reported on Sunday that negotiations between Tehran and Oman over the Strait of Hormuz were in their final stages, citing Iran's Foreign Minister Abbas Araqchi.
Trump has repeatedly issued threats that he would escalate the war on Iran he launched along with Israel in late February, only to allow more time for talks, which have so far not led to a comprehensive deal.
Trump's apparent de-escalation after days of threats of new attacks from each side was the latest twist in the war. Attacks have spread across the Gulf to the Red Sea and even a Mediterranean facility in Egypt.
Iran has largely closed the Strait of Hormuz, a conduit for 20% of the world's oil and liquefied natural gas before the start of the war, causing energy prices to rise and stoking broader inflation.
