What did Trump say about the status of Hormuz negotiations, and what condition must be met for Iran's draft bill to proceed?

Trump said negotiations between Iran and Oman over the Strait of Hormuz are 'moving along.' For Iran's draft bill—including proposals to bar US and Israeli ships, demand compensation from 'hostile countries,' and impose fees—to proceed, it requires assent from Iran’s Supreme Leader Mojtaba Khamenei, a condition Iranian officials say takes time to secure.

What are the key provisions of Iran's draft bill regarding the Strait of Hormuz, and how does the US respond to the idea of tolls or charges on transit?

Iran's draft bill, reported by Fars, includes banning US- and Israeli-flagged ships, prohibiting cargo related to Israel, demanding compensation from 'hostile countries,' and introducing fees for services like insurance and environmental costs; it also envisions Iranian management of vessel entry into the strait and joint Iranian-Omani oversight of exit. In response, a US official stated Thursday that any temporary routes through the strait 'won’t be subject to approvals, permissions, tolls or charges.'

Trump Says Hormuz Talks 'Moving Along' Even as Iran Mulls US Ban

Aug 7, 2026

President Trump confirmed progress in Strait of Hormuz negotiations despite Iranian threats to ban US vessels. Brent crude oil prices rose above $83 per barrel as markets anticipate potential resumption of energy flows following recent regional conflicts.

bloomberg

2026-04-25

Trump’s Hormuz Blockade Has Deepened a Historic Shipping Crisis

2026-04-28

Trump’s Art of the Deal Collides With Iran’s Patient Diplomacy

2026-04-28

Trump States Iran Seeks Hormuz Opening Amid War Ceasefire Talks

2026-04-29

Trump Rejects Iran Hormuz Offer, Maintains Naval Blockade

2026-05-03

Hormuz Tracker: Traffic Halts as Trump Weighs Iran’s New Offer