Tehran, Aug. 2 -- Iranian Foreign Minister Abbas Araghchi stated on Sunday that negotiations between Tehran and Muscat regarding the management of the Strait of Hormuz are "nearing completion."

Updating the Cabinet on the status of discussions with Oman, Araghchi highlighted significant headway in the dialogue, according to Iran's state-run IRNA news agency.

He remarked that the parleys are "nearing completion and in their final stages", while withholding further specifics.

The development coincides with US President Donald Trump announcing on Saturday that Washington and Israel have concurred on deferring planned military strikes on Iran, maintaining that the "parameters" of a potential agreement have been established.

Military hosti...