Read our Privacy noticeIran believes that a deal with Oman to reopen the Strait of Hormuz is “on the verge of being finalised”, potentially paving the way for a return to diplomacy with the United States. There was no immediate comment from Washington on the proposal, but president Donald Trump late on Wednesday portrayed ongoing talks positively and said a deal on Hormuz was imminent. He told FOX5 that talks over the strait were “moving along nicely” and that the strait “is going to be open very soon”. Insiders near the proposed deal to reopen the Strait of Hormuz were already skeptical of its merits as Iran and Oman closed in on an agreement. Four industry sources also said on Thursday that the proposed deal between Iran and Oman is not easily workable due to US sanctions and restrictive insurance clauses on any payments.