Vessels in the Strait of Hormuz are visible near the beach of Bandar Abbas, Iran, on August 25, 2026—Reuters
– Oil prices decline despite new US sanctions targeting Iran.
– US personnel are returning from missions in the Middle East.
– President Trump claims all mines in the strait have been cleared.
Iran announced it has resumed negotiations with neighboring Oman to better manage the Strait of Hormuz amid increasing economic pressure from President Donald Trump within the broader conflict. The two nations have been intermittently discussing measures to control traffic through the crucial waterway, which previously handled about 20% of global oil and liquefied natural gas shipments before hostilities escalated in February. Most shipping activity has come to a halt since then.
On Tuesday, Iran and Oman reported they discussed establishing “a joint temporary navigational corridor” through the strait and agreed to remove mines. President Trump reiterated that all mines had been cleared, echoing earlier statements.
Although direct conflict between the US and Iran has largely diminished, diplomatic efforts for peace have stalled, and passage through the waterway remains risky. An oil tanker was hit on Tuesday by an unidentified projectile and was disabled roughly nine nautical miles (17 kilometers) northeast of Oman’s Ash Shishah at the entrance of the strait, according to the United Kingdom Maritime Trade Operations.
Separately, the US Secret Service disclosed on Tuesday that it is aware of a video broadcast by Iranian state TV discussing a potential plot to assassinate Trump’s youngest son, Barron.
Sanctions
Despite ongoing tensions, the US is beginning to redeploy personnel to some diplomatic missions in the Middle East that had been evacuated or scaled back due to Iran-related tensions, two sources told Reuters. This indicates that Washington perceives a reduced risk of immediate escalation, although some embassies will initially operate at reduced capacity.
Earlier this week, the US threatened to sanction countries continuing to do business with Iran but clarified that punitive measures would not be enforced immediately. Oil prices declined for the second consecutive day as traders disregarded the impact of US sanctions, with Iran condemning Washington’s efforts to isolate its economy as “gross lawlessness” and expressing confidence that many nations would not follow the pressure campaign.
Public support for the war has fallen to its lowest levels since the conflict’s initial days, with President Trump’s approval ratings hitting new lows ahead of the November congressional elections, according to a Reuters/Ipsos poll. The conflict has claimed thousands of lives, mainly in Iran and Lebanon, while the US and Israel have significantly degraded Iran’s conventional military capabilities. The status of Iran’s nuclear program, which the US and Israel seek to dismantle, remains uncertain.




