US-Iran war news LIVE: Iran on Saturday (local time) said that a deal with Oman over the control of the is close but would not be enough to free up the waterway. Reports indicate that an agreement between Iran and Oman over the strategic waterway, which has been largely shut since the US-Iran conflict began in late February, is seen as crucial to a wider deal to end the war and has led to Tehran establishing a chokehold over the major energy export route. Iran’s Foreign Minister noted that Tehran and Muscat were “very close” to an agreement on a new shipping route through Hormuz, but reopening it would depend on other conditions, including Washington’s compensation to the Islamic Republic.
Oman reports positive negotiations, condemns attacks on ships
Earlier on Saturday, the United Arab Emirates () said that Iran had attacked a carrier affiliated with the country’s state oil company with a missile as it transited the critical waterway. While no injuries were reported in the latest attack, Oman condemned the repeated attacks on other vessels while transiting the strait. Muscat also noted that negotiations with Tehran on arrangements for shipping through Hormuz were “positive and constructive”. Its foreign ministry said, “Oman stresses the importance of avoiding any actions that could affect these negotiations and the progress achieved in a manner that takes into account the interests of all parties.”
US defence firms asked to boost production of key systems
The US on Saturday (local time) asked the major US defence companies to boost efforts to accelerate the production and delivery of key weapons systems amid new concerns about shortages and gaps exacerbated by the Iran war. Steve Feinberg, the deputy secretary of defense, noted that the department is looking at accelerated or increased procurement for critical programs including wide-area surveillance, air-defense sensors and interceptors, and missile-tracking systems. In a letter sent to defence companies on 5 August, he said, “Years-long development cycles are not acceptable,” and added, “We must dramatically accelerate our program schedules and expand our production capacity now.” The letter comes amid growing concerns over Washington’s depleting of munitions as the US military attacks Iran and repels its drone and missile strikes on American bases in the region.
IRGC says Strait of Hormuz to reopen after US accepts conditions
The Islamic Revolutionary Guard Corps () on Saturday (local time) said the critical waterway would only reopen if the US “fully” accepts Tehran’s conditions, despite Iran and Oman stating that they are “very close” to a new shipping protocol for the key waterway. IRGC spokesperson Sardar Mohebi said that reopening the strait would depend on “specific mechanisms and conditions” separate from ongoing negotiations with Oman. He said reopening would be conditional on the US fully accepting Iran’s conditions and ending interference in regional negotiations.
Key Events
US-Iran war news LIVE: Iran news agency releases Mojtaba Khamenei’s undated video
A day after Israeli media claimed that Iran’s Supreme Leader was in critical condition and had been rushed to a hospital, Iran’s semi-official Mehr News agency released an undated video showing Mojtaba Khamenei appearing to be in good health.
US-Iran war news LIVE: IRGC says Strait of Hormuz to reopen after US accepts conditions
The Islamic Revolutionary Guard Corps (IRGC) on Saturday (local time) said the critical waterway would reopen only if the US “fully” accepts Tehran’s conditions, despite Iran and Oman stating they are “very close” to a new shipping protocol for the key waterway. IRGC spokesperson Sardar Mohebi said that reopening the strait would depend on “specific mechanisms and conditions” separate from ongoing negotiations with Oman.
US-Iran war news LIVE: Pentagon asks US defence firms to boost production of key systems
The US Pentagon on Saturday (local time) asked the major US defence companies to boost efforts to accelerate the production and delivery of key weapons systems amid new concerns about shortages and gaps exacerbated by the Iran war. Steve Feinberg, the deputy secretary of defense, noted that the department is looking at accelerated or increased procurement for critical programs including wide-area surveillance, air-defense sensors and interceptors, and missile-tracking systems.
US-Iran war news LIVE: Oman reports positive negotiations on Hormuz deal, condemns attacks on ships
Earlier on Saturday, the United Arab Emirates (UAE) said that Iran had attacked a carrier affiliated with the country’s state oil company with a missile as it transited the critical waterway. While no injuries were reported in the latest attack, Oman condemned the repeated attacks on other vessels while transiting the strait.
US-Iran war news LIVE: Iran says deal with Oman on Hormuz close
Iran on Saturday (local time) said that a deal with Oman over the control of the Strait of Hormuz is close but would not be enough to free up the waterway. Reports indicate that an agreement between Iran and Oman over the strategic waterway, which has been largely shut since the US-Iran conflict began in late February, is seen as crucial to a wider deal to end the war and has led to Tehran establishing a chokehold over the major energy export route.
About the Author
Swati Gandhi is a digital journalist with over four years of experience, specialising in international and geopolitical issues. Her work focuses on foreign policy, global power shifts, and the political and economic forces shaping international relations, with a particular emphasis on how global developments affect India. She approaches journalism with a strong belief in context-driven reporting, aiming to break down complex global events into clear, accessible narratives for a wide readership.<br><br>
Previously, Swati has worked at Business Standard, where she covered a range of beats including national affairs, politics, and business. This diverse newsroom experience helped her build a strong grounding in reporting, while also strengthening her ability to work across both breaking news and in-depth explanatory stories. Covering multiple beats early in her career has helped her be informed about her current work, allowing her to connect domestic developments with wider international trends.<br><br>
At Live Mint, she focuses on international and geopolitical issues through a business and economic lens, examining how global political developments, foreign policy decisions, and power shifts impact markets, industries, and India’s strategic and economic interests.<br><br>
She holds a Bachelor’s degree in English (Honours) from the University of Delhi and a Master’s degree in Journalism and Mass Communication from Guru Gobind Singh Indraprastha University. Her academic training has shaped her emphasis on precision, analytical rigour, and clarity in writing. Her interests include global political economy and the intersection of geopolitics with business.<br><br>
Outside work, Swati focuses on exploring her passion and love for food. From fancy cafes to street spots, Swati explores food like a true foodie.
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