Under the proposed agreement Tehran would control inbound traffic according to reports Understanding reached on coordinates for shipping route through Hormuz, Iran says Welcome to our live coverage of the latest in the ongoing Middle East crisis.

By Anushree Mukherjee Aug 6 (Reuters) - Oil prices rose on Thursday as investors remained cautious on the outcome of Iran-Oman talks and whether they will restore flows via the Strait of Hormuz, while reports of attacks on Saudi tankers in the Red Sea and Gulf of Aden renewed supply tensions.

Live Updates: Diplomatic efforts to reopen the Strait of Hormuz are intensifying amid US-Iran tensions, with negotiations progressing and mixed signals on a deal, while the waterway remains open for commercial vessels.

Major Gulf stock markets were range-bound in early trade on Thursday as investors awaited clarity from Iran-Oman talks aimed at restoring shipping through the Strait of Hormuz, while reports of attacks on Saudi tankers in the Red Sea and Gulf of Aden further heightened concerns.

The US has used up nearly 80% of interceptors for a key missile defense system, according to sources, as mediators seek to bring Washington and Tehran back to the negotiating table. Follow for live updates.

India, Aug. 5 -- US-Israel-Iran War Latest News: With the ongoing US-Israel-Iran unrest and the increase of tensions in the Middle East, it seems that new diplomatic initiatives are about to have some success.

WHO’S TALKING TO WHOM? It doesn’t bode well for a successful end of a negotiation when the two sides can’t agree on whether they are even talking. President Donald Trump for at least the fifth or maybe eighth time — depending on how you’re counting — insists that Iran is “begging” for a deal to