Everything you need to know before you reach the office this morning.
Source: [Fortune](https://fortune.com/2026/08/05/iran-deal-strait-of-hormuz-trump/)
Developing story — details emerging. Check the source link for the latest updates.
Developing story — details emerging. Check the source link for the latest updates.
Developing story — details emerging. Check the source link for the latest updates.
A proposed deal between Iran and Oman could give Tehran more control over who enters the Strait of Hormuz and complicate access to the vital waterway for the shipping industry. Gene Seroka, executive director for the Port of Los Angeles, joins CBS News to discuss.
President Trump has a history of threatening major attacks against Iran and then backtracking. CBS News national security analyst Aaron MacLean has more.
Gold moved in a narrow range as traders assessed the impact of a reported Iranian attack in the Strait of Hormuz on the Federal Reserve’s path for interest rates.