President Donald Trump said an announcement involving the Strait of Hormuz could come as soon as Tuesday or Wednesday. His remarks followed talks between Iran and Oman, placing the strategic waterway at the center of fresh diplomatic attention.

The comments point to a possible development linked to the discussions between Tehran and Muscat, though the available information does not specify what form any agreement would take. The Strait of Hormuz is a major focus as the United States remains involved in the conflict with Iran.

Two sources with direct knowledge told CBS News that the U.S. has used nearly all of its global stockpile of long-range precision missiles during the war with Iran. That assessment adds a significant military dimension to the diplomatic developments surrounding the potential Strait of Hormuz announcement.