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US-Iran Tensions Rise as Hormuz Deal Nears Expiry, Trump Threatens Oman

The US-Iran Memorandum of Understanding (MoU) regarding the Strait of Hormuz is set to expire, with Iran ruling out an extension and threatening escalation. Iran is reportedly working with Oman to finalize a joint statement on managing ship transit through the Strait. Amidst these developments, former US President Donald Trump threatened to bomb Oman if it interfered with the US-Iran deal talks. Turkish President Erdogan urged Trump to pursue talks with Iran and offered support. Brent crude oil prices rose above $90 as tensions increased.

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