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Environmental disaster looms as tanker leaks off Oman

DUBAI - Oman is facing an impending environmental catastrophe as an alleged Russian shadow fleet tanker leaks oil across hundreds of square kilometres near a nature reserve, NGOs warn.

Bangkok Post · Aug 6

Global Market Today: Asian stocks drop as AI rally pauses, oil dips

Asian markets experienced a dip on Thursday as Wall Street's recent tech surge showed signs of slowing down. Crude oil prices also fell slightly after Iran and Oman reached a new agreement regarding the Strait of Hormuz. Meanwhile, Sandisk and Western Digital faced significant declines following disappointing earnings reports. As…

The Economic Times · Aug 6

Iran and the US say a Strait of Hormuz deal is close, but one or both would have to back down

Iran and Oman are finalizing an agreement concerning the Strait of Hormuz. This potential deal could reopen the vital waterway and ease global economic pressures. U.S. President Donald Trump indicated a deal might be announced this week. Attacks on regional shipping continue, impacting oil prices and trade routes. Meanwhile, a…

The Economic Times · Aug 6

Trump will sell a Hormuz deal as a success. It barely takes him back to where he started

IN FOCUS: The US and Iran have fought over the Strait for months, deepening a global economic crisis. Experts tell Alex Croft that Trump may end up accepting key Iranian demands just to end an unpopular war

The Independent UK · Aug 5

Proposed Hormuz deal would give Iran control of inbound traffic, sources say

Despite the apparent step towards yielding to Iranian demands, the sources pushed back against assertions by U.S. President Donald Trump that a deal ​reopening the strait was imminent, saying important details still had to be agreed.

The Economic Times · Aug 5

US and Iran having 'very good discussions', Trump says

US President Donald Trump reported very good discussions with Iran on Tuesday. Hopes for reopening the Strait of Hormuz boosted Asian markets and oil prices. An interim agreement to reopen the waterway with Oman's agreement is reportedly nearing. Iran stated talks with Oman on safe shipping lanes were positive and…

The Economic Times · Aug 5

Iran and Oman agree on coordinates of route through strait of Hormuz, says Iranian foreign ministry – as it happened

Joint announcement for geographic coordinates being finalised, says spokesperson, adding that it would not guarantee security in waterway

The Guardian - UK · Aug 5

Trump says deal to reopen Strait of Hormuz could come as early as Wednesday

President Trump indicated a deal to reopen the Strait of Hormuz could happen soon. Hopes for a deal eased oil prices as shipping hopes increased. Attacks on shipping in the Red Sea and Strait of Hormuz continued. Iran and Oman are reportedly discussing routes for safe shipping lanes. Progress has…

The Economic Times · Aug 5

Hormuz Deal Near? CENTCOM Says Southern Shipping Route Remains 'Free and Open' as Trump Touts 'Very Good' Discussions

The U.S. military said the Strait of Hormuz remains open to commercial shipping, as Treasury Secretary Scott Bessent stated that Washington is close to reaching a deal with Iran.

Benzinga · Aug 5

Oman makes short trips easier with free 14-day tourist visa

Oman has introduced a free 14-day tourist visa for citizens of selected countries under new regulations aimed at boosting tourism. The visa can be converted into other tourist visa categories before expiry, while the list of eligible nationalities is yet to be announced.

The Economic Times · Aug 5