Tehran, August 3 (IANS) Iranian Foreign Minister Seyed Abbas Araghchi said that negotiations between Iran and Oman on the Strait of Hormuz are in their final stages, the official news agency IRNA reported. Araghchi said on Sunday during a cabinet meeting that the negotiations have progressed and are on the path of being finalised. Tehran tightened its grip on the strait after the United States and Israel launched joint strikes against Iran on February 28. The US military launched multiple waves of strikes against Iranian targets last month, saying they were in response to Iranian attacks on vessels in the strait and aimed at "degrading Iran's ability to threaten commercial shipping." Iran responded with missile and drone attacks targeting US military bases and facilities in the region.