Iran said on Sunday that a deal with Oman defining new shipping lanes in the Strait of Hormuz was in its final stages but reiterated ​that the waterway would only reopen once the United States met other conditions, Reuters reported. 

A U.S. official told Reuters on Friday that an agreement between Iran and Oman was close and could soon reopen the waterway, which carried a fifth of global oil and liquefied natural gas shipments before Iran blocked it in response to U.S. and Israeli attacks.