Live Updates: Trump says Strait of Hormuz deal could happen today or tomorrow amid Iran-Oman talks

President Trump told reporters "a lot of progress had been made" on the subject of reopening the Strait of Hormuz and suggested an announcement could be made as soon as Wednesday.

Iran and Oman have been in talks over the strait, and an Iranian source familiar with the discussions told CBS News they are largely focused on the mechanics of reopening the waterway.

The U.S. has used nearly all of its global stockpile of long-range precision missiles during the war with Iran, two sources with direct knowledge of the matter told CBS News.

Defense Secretary Pete Hegseth has previously dismissed concerns about the U.S. stockpile.

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