The US, Iran and Oman are nearing a deal that would temporarily reopen the Strait of Hormuz without any tolls — with an agreement expected to be announced as soon as today, according to a report. The deal under consideration would establish a 60-day agreement between Oman and Iran for shipping in the strategic strait, US and regional sources told Axios. Marine traffic is seen in and around the Strait of Hormuz on Wednesday, Aug. 5, 2026. Iran has repeatedly denied discussing a deal over the Strait of Hormuz with the US, instead clarifying that Tehran was dealing directly with neighboring Oman. Allison Robbert / Pool via CNP / SplashNews.comEven if a deal is reached, Iran says, it would only be temporary unless what it calls US “aggression” ends.