WorldUS Moves to Revoke 200,000 Visas as Iran and Oman Pursue Hormuz Arrangement

Iran and Oman are working toward a longer-term arrangement for the Strait of Hormuz, with more talks planned within 30 to 60 days and discussions about a temporary joint maritime corridor. Hopes for a deal ease supply-disruption concerns, sending oil prices lower. Traders are also watching the Federal Reserve’s rate outlook and Warsh’s upcoming Jackson Hole speech.