Oman is looking to the Strait of Malacca as it seeks a compromise on the Strait of Hormuz.

"The technical work has started, and we hope to be there soon," IAEA chief Rafael Grossi said at a news conference in Japan on Friday.

The announcement of a new agreement between the United States and Iran has been greeted with relief across global markets. Oil prices have eased, shipping insurers have relaxed and politicians have rushed to hail a diplomatic breakthrough.

A fragile U.S.-Iran peace deal faces its biggest test after both sides accused each other of violations and carried out retaliatory strikes over the

A senior Trump administration official had said earlier that deal to end the Iran war could be signed soon.

A long-term U.S.-Iran peace deal may depend on a separate agreement between Israel and Lebanon. Analysts say that presents a problem.

Travel & Leisure Co. (NYSE:TNL) is one of the Iran Peace Deal Sends Oil Lower: Top 8 Travel Stocks to Buy Now. Simon Yarmak, an analyst at Stifel Nicolaus, reaffirmed a Buy rating on Travel & Leisure Co.

By Johann M Cherian July 1 (Reuters) - European shares slipped on Wednesday, as signs that peace talks between Iran and the United States hit a new stalemate spurred caution after a strong finish to the second quarter.