According to The New York Times, American and Qatari officials said on August 4 that negotiations regarding the reopening of the Strait of Hormuz are progressing, but the agreement with Iran has not yet been announced.
Negotiations have made progress, but a final agreement has yet to be reached. U.S. Secretary of State Robie said this. He stated that Iran and Oman are now engaged in negotiations with the United States, discussing a "immediate solution" to the Strait crisis, before moving on to long-term goals for curbing Iran's nuclear program.
American Treasury Secretary Bennet said in a television interview on the 4th that an agreement regarding the Strait of Hormuz could be reached on the 4th or 5th. “We are negotiating with the Iranians, and I think we may reach an agreement today or tomorrow,” said Bennet.
Meanwhile, Iran's Foreign Ministry spokesman Bagheri said on the 4th that Iran is negotiating with Oman regarding the Strait of Hormuz, and there has been "positive progress" in the negotiations at both technical and political levels.
Baghaee said that the focus of this negotiation is to determine the safe routes for ships to navigate. Iran is working with Oman to establish the ‘necessary mechanisms’ for managing shipping through this strait. The final results of the negotiations will be announced to the public after both parties have completed their discussions.
Qatar officials are also optimistic about the negotiations. Maajid Ansari, a spokesman for the Qatar Foreign Ministry, said that the negotiations regarding the Gulf of Hormuz are in a "very smooth stage," and the potential draft agreement has been "circulated among all parties."
However, Qatar stated that…
Last weekend, Trump threatened to launch a major military strike against Iran, but he withdrew that threat under the mediation of his Middle Eastern allies.
Our current focus is to avoid escalation, re-open the Strait, and open the door for diplomatic exchanges between all parties. "We don't want to see any significant escalation of the regional situation," said Anbari.
Affected by the agreement reached in the Hormuz Strait, international oil prices fell significantly on the 4th, reaching their lowest point in three weeks. WTI crude oil futures closed down $4.57, a decrease of 5.7%, at $75.77 per barrel. Brent crude oil futures closed down $4.41, a decrease of 5.3%, at $79.36 per barrel.
