LIVE: Strait of Hormuz vessel traffic as Iran says Oman deal in 'final stages'
Iran announced it is nearing a deal with Oman to define new shipping lanes through the Strait of Hormuz, while reiterating demands for the U.S. to lift sanctions and cease military threats before the waterway fully reopens.
The potential resolution of shipping lane definitions in the Strait of Hormuz could impact global oil prices and international trade routes.
