Iran has set out a list of demands for reopening the Strait of Hormuz, including compensation for war damages, adding a new hurdle to efforts to restore traffic through the strategic waterway. Foreign Minister Abbas Araghchi said negotiations with Oman were in their final stages, but stressed that reopening the strait was conditional on other demands being met.
Iran and Oman have agreed on shipping routes in the strait, a sign of progress in the talks. Still, the conditions could hold up a final deal.
News of the talks buoyed markets. US stocks hit a record high as investors bet on a reopening of the waterway, while oil prices fell. US officials pointed to progress in the negotiations.
In the wider conflict, Houthi forces attacked Saudi tankers and Israel carried out bombings in Lebanon.