Iran and Oman are close to finalizing a temporary shipping protocol for the Strait of Hormuz, but Tehran warns the waterway will not reopen unless the U.S. meets extensive demands. These include lifting sanctions, withdrawing military forces, and paying war reparations. While Washington offers to lift its naval blockade once unhindered shipping resumes, the IRGC insists reopening is contingent on U.S. concessions. Meanwhile, the UAE reported a fresh Iranian missile strike on an ADNOC tanker on August 8, 2026.
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