Step 1: For electromagnetic waves, the electric field \( \vec{E} \), the magnetic field \( \vec{B} \), and the propagation direction \( \vec{v} \) are all mutually perpendicular. Step 2: Given that the magnetic field oscillates in the \( z \)-direction and the wave propagates in the \( x \)-direction, the electric field must oscillate in the \( y \)-direction to satisfy the right-hand rule for electromagnetic waves.
Thus, the direction of the oscillating electric field is in the positive \( y \)-direction.