Welcome back to World Brief, where we’re looking at an Iranian-Omani proposal for the Strait of Hormuz, deadly flash flooding in Nepal and Tibet, and rising Israeli extremist violence against Palestinians in the West Bank.

Tehran’s Demands for Hormuz

Iran and Oman reached a revenue-sharing agreement on the Strait of Hormuz on Wednesday, with Muscat saying it is “hopeful” that the deal will be formalized soon. Meanwhile, Tehran warned that the critical waterway will remain closed if the United States fails to accept the proposal’s terms. “The U.S. is obstructing this process, causing progress to be delayed,” said Hossein Mohebbi, a spokesperson for Iran’s Islamic Revolutionary Guard Corps.

Welcome back to World Brief, where we’re looking at an Iranian-Omani proposal for the Strait of Hormuz, deadly flash flooding in Nepal and Tibet, and rising Israeli extremist violence against Palestinians in the West Bank.

Tehran’s Demands for Hormuz

Iran and Oman reached a revenue-sharing agreement on the Strait of Hormuz on Wednesday, with Muscat saying it is “hopeful” that the deal will be formalized soon. Meanwhile, Tehran warned that the critical waterway will remain closed if the United States fails to accept the proposal’s terms. “The U.S. is obstructing this process, causing progress to be delayed,” said Hossein Mohebbi, a spokesperson for Iran’s Islamic Revolutionary Guard Corps.

The announcement goes further than the joint Iranian-Omani statement issued Tuesday that spoke of a “phased framework” for resuming shipping transits through the thoroughfare. Although the initial declaration had proposed a “joint temporary navigational corridor” and bilateral efforts to clear sea mines in the strait, it stopped short of unveiling any formal deal or mentioning the possibility of charging tolls—a key demand of Tehran’s.

Global oil prices dipped on Wednesday in response to the news. Both Brent crude and West Texas Intermediate dropped more than $2 per barrel from Tuesday’s highs of roughly $88 and $82, respectively.

But U.S. President Donald Trump does not appear eager to accept the Iran-Oman proposal. In an interview with conservative radio host Glenn Beck on Wednesday, Trump insisted that the strait was already open, undermining Tehran’s threat that it will keep the waterway blocked if Washington does not concede.

“We take a lot of ships through the strait now. We’re taking them in,” Trump said. “Every once in a while,........

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