August 4, 2026 - Iran continues Hormuz talks with Oman, US signals optimism on deal | CNN

Get the latest updates on the war with Iran here. • War talks: Efforts to resolve the US-Iran conflict are “in very progressive stages,” Qatar’s Foreign Ministry said, adding that drafts of a potential agreement are “being circulated” but that there are no direct talks between the two sides. Qatar’s emir received a phone call from President Donald Trump and discussed ways to bridge US-Iran differences, the emir’s office said. • Missile stockpiles: The US military has burned through nearly 80% of its interceptors for a key missile defense system, leaving the Pentagon’s munitions stockpile “dangerously low,” commanders warn, according to sources familiar with the matter. • Strait of Hormuz: The Trump administration is signaling optimism on a deal for the crucial waterway, with US Secretary of State Marco Rubio saying there has been progress “but not finality” on an agreement and US Treasury Secretary Scott Bessent floating a potential consensus by “today or tomorrow.” Shipping analysts are less upbeat. Meanwhile, a cargo vessel is reported to have lost power after earlier being struck by an unknown projectile in the strait. • Iran-Oman negotiations