Washington, Aug. 8 -- A US official stated on Friday that progress has been made in talks between Iran and Oman, which could lead to the reopening of the strategic Strait of Hormuz and restore oil exports disrupted by the five-month-old conflict.

Reuters, citing the US official speaking on the condition of anonymity, noted that Washington expects an agreement shortly between Iran and Oman, the two nations bordering the waterway, allowing standard commercial oil shipments to resume. Securing a deal over control of the strategic passage is considered a key stepping stone toward a broader peace agreement.

"There is progress between Oman and Iran on the strait, and we expect a deal soon. Once the deal is announced to restore commercial ship...