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Live Updates: Iran and Oman edge toward temporary Strait of Hormuz reopening plan, but Tehran insists U.S. lift blockade CBS NewsIran and Oman prepare Hormuz deal as U.S. holds back on secondary sanctions CNBCIran, Oman Agree to Share Strait of Hormuz Revenue, IRGC Says Bloomberg.comLive updates: Oil prices fall on hopes of Iran-Oman deal to reopen Strait of Hormuz CNN
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Oil prices declined on Tuesday as traders shrugged off U.S. threats of an "economic D-Day" against Iran, while a flurry of headlines helped to renew hopes that the conflict could soon come to an end.
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The president's policies are driving up prices for fertilizer, fuel and machinery. Meanwhile, a campaign to deliver emergency farm aid has stalled on Capitol Hill.
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