Hormuz Deal Near as Tensions Rise | Sioux Falls News

Sioux Falls News Today | 2 Min News | The Daily News Now! · Aug 8, 2026 · 1m

Iran and Oman are edging closer to a deal over the Strait of Hormuz — a chokepoint for a fifth of global oil and gas — but Tehran’s holding firm, demanding U.S. compensation for past attacks before reopening shipping lanes. Tensions remain high after Iran struck another UAE-linked vessel, with 15 vessels already hit since February’s U.S.-Israeli strikes that ignited the conflict. While Washington hints at an imminent breakthrough, Iran’s refusal to engage directly and its continued targeting of shipping and bases keep the world on edge — as energy prices soar and diplomacy teeters on the…