π’ Iran and Oman near deal to reopen Hormuz Strait
Iran and Oman are close to reaching an agreement to fully reopen the Strait of Hormuz for shipping traffic. This potential reopening involves both countries collecting a service fee to cover security and environmental costs. A high-ranking source suggested the official announcement could come within hours or by tomorrow. U.S. Treasury Secretary Bessent also indicated a deal might be possible on Tuesday or Wednesday. This development is unfolding amidst ongoing communications regarding the vital maritime passage. π’