Conflicting Reports Emerge Over Iran’s Strait of Hormuz Deal

Iran claims a deal with Oman is near for the Strait of Hormuz, but Oman says that isn't true.

There is a lot of confusion today about a possible deal in the Strait of Hormuz. This is a very important stretch of water where much of the world's oil is shipped. Iran has been telling people that they are only days away from a deal with the country of Oman. They suggest this deal would create a new shipping path for oil tankers. Reports about this news have caused the price of oil to go up because people are worried about shipping safety. However, other reports tell a different story. The New York Post says that Oman has actually turned down Iran’s request to charge fees for using this …