(Nathan Howard/Pool/Bloomberg)Key Takeaways: Iran and Oman said talks on a temporary shipping route through the Strait of Hormuz are nearing completion as President Donald Trump insisted U.S.-Iran negotiations continue. The discussions with Oman are about a “temporary” route to ensure the safety of ships, Esmail Baghaei, an Iranian foreign ministry spokesman, said on Aug 3. Iran has shown no sign of allowing vessels free passage through the Strait of Hormuz, which Trump has demanded. Instead, Iran said it’s talking to Oman about a new route and not about whether the strait as a whole will be open or closed. There’s “some kind of vector toward an agreement between Iran and Oman,” he told local Army Radio on Aug. 2.