GeopoliticsIMPORTANT

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday

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A new U.S.-Iran shipping deal mediated by Oman awaits supreme leader approval, potentially lowering energy prices and restarting stalled nuclear negotiations following the collapse of a similar June agreement.

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The officials, who were briefed on the negotiations, portrayed the potential deal as a temporary solution to the U.S.-Iranian dispute over shipping through the waterway. They said it is tied to the agreement reached between the U.S. and Iran in June that aimed to end the fighting and reopen the strait, which ultimately collapsed. Potential deal will pave the way for the U.S. and Iran to resume negotiations to reach a final deal on Tehran’s nuclear program.

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