Iran and Oman Near Strait of Hormuz Framework, but Reopening Remains Conditional
Iran and Oman are close to finalizing a framework for commercial shipping through the Strait of Hormuz, but any reopening would be conditional and not guaranteed. Iran says there are no direct talks with the U.S., even as a Gulf official suggests a 50-50 chance of a deal by Friday. The broader situation overlaps with Red Sea disruptions, ongoing regional diplomacy, and rising oil prices as tensions persist.