Iran, US signal progress in Hormuz talks as oil prices fall

Diplomatic efforts to reopen the Strait of Hormuz are advancing, with Iran and Oman in talks and US officials hinting at a possible deal within days. US Treasury Secretary Scott Bessent said an agreement could be reached "today or tomorrow," while President Trump claimed "very good discussions" with Iran. The prospect of a deal helped lower crude oil prices below $80 a barrel. Meanwhile, Iran's parliamentary speaker warned the US would "pay the price" for a strike on Qeshm Island that killed a family.