Uploaded August 2026 | Updated September 2026, 2 weeks ago
Though negotiations between the United States and Iran broke down more than a month ago, Monday marked the formal expiration of a preliminary peace deal that was meant to lead to long-term peace. Instead, the warring nations are preparing for potential escalation as they each refuse to cede control of one of the world’s most important maritime trade routes.
Iran and Oman are close to finalizing a deal that, according to Tehran, would reinforce Iranian control over much of the Strait of Hormuz, which before the war was used to ship one-fifth of the world's oil.
"An understanding has been reached regarding the map of the transit route. But we had planned, and still plan, to finalize the understanding in the form of a package: the map plus a joint statement," said Iranian Foreign Ministry Spokesperson Esmail Baghaei.
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Though negotiations between the United States and Iran broke down more than a month ago, Monday marked the formal expiration of a preliminary peace deal that was meant to lead to long-term peace. Instead, the warring nations are preparing for potential escalation as they each refuse to cede control of one of the world’s most important maritime trade routes.
Iran and Oman are close to finalizing a deal that, according to Tehran, would reinforce Iranian control over much of the Strait of Hormuz, which before the war was used to ship one-fifth of the world's oil.
"An understanding has been reached regarding the map of the transit route. But we had planned, and still plan, to finalize the understanding in the form of a package: the map plus a joint statement," said Iranian Foreign Ministry Spokesperson Esmail Baghaei.
_______________
Follow KEYE on social media:
Stay up to date with CBS Austin by downloading our app: cbsaustin.com/station/mobile-apps
Follow us on social media:
Facebook: facebook.com/CBSAustin
Twitter: twitter.com/cbsaustin
Instagram: instagram.com/cbsaustin
Subscribe to CBS Austin on YouTube: youtube.com/channel/UCT2FAPpgWOGGXtpheDT6jkQ//?sub_confirmation=1
Daily News Playlist: youtube.com/playlist?list=PLztFNpGmRDH0-G8xQ8GAl5b99SvhChtKb
For more information, visit cbsaustin.com
Have a news tip? Send it directly to us:
Email us: news@cbsaustin.com
Call the Newsroom: 512.490.2199
CBS Austin is a Texas based station and a CBS Television affiliate owned and operated by Sinclair Broadcast Group. Sinclair Broadcast Group, Inc. is one of the largest and most diversified television broadcasting companies in the country today
#KEYE #CBSAustin #News #Austin
