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August 6, 2026

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Explainer

Iran-Oman deal spurs Hormuz hopes as Red Sea threats evolve

Iran has signaled that an agreement was reached with Oman establishing a Hormuz shipping route even as Houthi attacks in the Red Sea expand.

Michael M. Santiago/Getty Images

US stock markets soar to new records amid Hormuz deal hopes

The S&P 500, Nasdaq Composite and Dow Jones Industrial Average are on track for their best five-day performance since April 2025.

Latest News

US lifts sanctions on Iraqi airline linked to Iran's IRGC: What to know

A memorial depicting Qassem Soleimani, the slain commander of the "Quds Force" of Iran's Islamic Revolutionary Guards Corps (IRGC), who was killed by a US airstrike in Iraq in 2020, is pictured at Valiasr Square in Tehran on April 6, 2026. Israeli strikes killed the intelligence chief of Iran's Revolutionary Guards, as the Islamic republic on April 6 defied threats from the US President to devastate civilian infrastructure if it does not reopen the Strait of Hormuz. (Photo by ATTA KENARE / AFP via Getty Ima

Trump’s strategy on Iran may pay off as deal appears imminent

President Donald Trump waves as he boards Air Force One at Morristown Municipal Airport on Aug. 2, 2026 in Morristown, New Jersey.

Analysis

Why Iran is fighting to keep Hormuz at center of US negotiations

Two brothers watch oil tankers, general cargo ships, bulk carriers, and fishing boats anchored in the waters off Muscat near the Strait of Hormuz on June 18, 2026 in Muscat, Oman.

A correspondent in Tehran

By A correspondent in Tehran

In Tehran, reporting on politics

Elizabeth Hagedorn

Diplomatic Correspondent

In Washington, DC, reporting on diplomacy, regional politics, human rights

Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

A correspondent in Tehran

In Tehran, reporting on politics

Benjamin Houghton

In Durham, reporting on China in the Middle East

Rahim Rahimov

In Baku, reporting on Middle East-Caucasus ties

Mehrnaz Samimi

In Washington, DC, reporting on Iranian culture

Iran's President Mahmoud Ahmadinejad speaks with Sheikh Ahmed al-Tayeb, Egypt's leading Sunni Muslim scholar at the historic al-Azhar mosque and university, in Cairo February 5, 2013. Mahmoud Ahmadinejad was both kissed and scolded on Tuesday when he began the first visit to Egypt by an Iranian president since Tehran's 1979 Islamic revolution. The trip was meant to underline a thaw in relations since Egyptians elected an Islamist head of state, President Mohamed Mursi, last June. But it also highlighted dee

Iranian cleric calls out Egypt's Al-Azhar for anti-Shiite activities

An Iranian grand ayatollah wrote an open letter to Al-Azhar regarding the university's anti-Shiite essay competition.

Members of Saudi security forces take part in a military parade in preparation for the annual Haj pilgrimage in the holy city of Mecca September 17, 2015. REUTERS/Ahmad Masood TPX IMAGES OF THE DAY - RTS1M2W

Saudi Arabia's mounting security challenges

Saudi Arabia's battle in Yemen and conflicts with Iran, coupled with the fall in the price of oil, point to a trying 2016 for the kingdom.

Saudi King Salman bin Abdulaziz (R) walks with Palestinian President Mahmoud Abbas during a welcoming ceremony upon Abbas' arrival to attend the Summit of South America-Arab Countries, in Riyadh November 10, 2015. REUTERS/Faisal Al Nasser - RTS6BUP

Why Abbas should rethink Palestinian support for Islamic coalition

Some Palestinians see President Mahmoud Abbas' decision to participate in the Saudi-led Islamic coalition as a step to turn the world's attention away from their suffering under Israel’s practices.

Islamist Syrian rebel group Jabhat al-Nusra drive a tank on Al-Khazan frontline of Khan Sheikhoun, northern Idlib province May 17, 2014. REUTERS/Hamid Khatib (SYRIA - Tags: CIVIL UNREST MILITARY POLITICS CONFLICT) - RTR3PM99

Jordan’s Syria blacklist blasted by key players

Wide criticism has already emerged of the Jordanian list of terrorist groups in Syria, and some observers believe the initiative never had a chance.

Soldiers loyal to Yemen's government and members of an engineering team stand next to destroyed transmission towers during a search for landmines left by the Houthi rebels in the Mas area, which was taken by pro-government army from the Houthis, in the country's central province of Marib, December 26, 2015. REUTERS/Ali Owidha - RTX203Z5

Can Oman help Saudis save face in Yemen?

Oman, the only GCC country that did not join the Saudi coalition fighting in Yemen, could help the Saudis negotiate peace there.

Is Congress empowering Iranian hard-liners?

The recent congressional vote to target travelers who have visited Iran and whose countries are members of the US Visa Waiver Program is empowering hard-liners in Tehran.

Iran's head of the country's Atomic Energy Organization, Ali Akbar Salehi attends a seminar at the Japan Institute of International Affairs in Tokyo, Japan, November 5, 2015. Iran has begun shutting down uranium enrichment centrifuges under the terms of a deal struck with six world powers in July on limiting its nuclear programme, Tehran's atomic energy chief said on November 2, 2015 during a visit to Tokyo. REUTERS/Yuya Shino - RTX1UTJP

Salehi reveals new details of secret US, Iran back channel

In an extensive interview, Ali Akbar Salehi, Iran's atomic chief and former foreign minister, reveals new details of the secret back channel to the United States.

Members of Iran's Revolutionary Guards hold pictures of their Brigadier General Hossein Hamedani during his funeral in Tehran, Iran in this October 11, 2015 file photo. REUTERS/Raheb Homavandi/TIMA/Files ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. FOR EDITORIAL USE ONLY. - RTX1ZPIG

Is Iran retreating from Syria?

Iranian military commanders have responded to a report from Bloomberg quoting US officials about Iran retreating from Syria.

U.S. Republican presidential candidate Donald Trump addresses the crowd during a campaign rally in Grand Rapids, Michigan, December 21, 2015. REUTERS/Rebecca Cook - RTX1ZT14

Will the next US president scrap the Iran deal?

All the candidates in the US presidential election are hawkish on Iran, but leading Democrats support the Joint Comprehensive Plan of Action.

MUNICH, GERMANY - FEBRUARY 06: Mohammad-Javad Zarif, minister of foreign affairs of Iran joins a bilateral meeting at the 51st Munich Security Conference (MSC) on February 6, 2015 in Munich, Germany. Foreign ministers and defense ministers from countries across the globe are meeting to discuss current global security issues, in particular the crisis in eastern Ukraine, the spread of ISIS in Syria and Iraq and the large-scale movement and plight of refugees. (Photo by Johannes Simon/Getty Images)

Why did Iranian TV censor interview with Zarif?

After a highly anticipated interview with Iran's foreign minister was canceled, many accused state television of siding with conservatives in the country.

U.S. Secretary of State John Kerry (L) speaks with Turkey's Foreign Minister Feridun Sinirlioglu on the sidelines as their two heads of state address reporters at the Regnum Carya Resort in Antalya, Turkey, November 15, 2015. REUTERS/Jonathan Ernst - RTS753C

How Turkey’s foreign affairs 'strongman' left his mark

Sources say Turkish President Recep Tayyip Erdogan’s close circle is keen to develop the relationship with Israel in terms of the energy dimension in the wake of the crisis with Russia.

A worker walks past the pumping station on the border between Iran and Turkey during the innauguration ceremony for the Iran - Turkey gas pipeline January 22, 2002. Iran could increase gas pumped to Turkey through a newly-opened pipeline to 13 billion cubic metres a year, above the 10 billion cubic metres planned. - RTXL0AM

If it ain't broke, don't fix it: Why Turkey and Iran's 376 years of peace will continue

Despite increasing tensions over Syria, Iraq and Yemen, Iran and Turkey are unlikely to allow verbal confrontations to turn physical.