Iran and Oman Move Toward Hormuz Strait Framework Amid Rising Attacks

Iran and Oman are nearing a bilateral deal to govern traffic through the Strait of Hormuz, including a proposed “shipping map” to manage routes and sovereignty, with details like fees and security to be discussed in a later phase. The move comes as attacks in Hormuz persist and U.S. pressure on Iran intensifies, pushing oil markets higher. Mediation continues via Qatar and Pakistan, while Iran says reopening the strait would be a separate issue from any deal, not a concession tied to the arrangement.