π’ Iran-Oman deal aims to reopen Strait of Hormuz
An Oman-Iran deal is reportedly set to reopen the critical Strait of Hormuz without imposing any fees or tolls. This arrangement involves traffic routing through paths closer to Iran for inbound ships and closer to Oman for outbound traffic. The agreement was reported on Wednesday and is intended to reset the ceasefire and the 14-point MoU. It kicks off a 60-day clock to negotiate issues like Iran's nuclear program and frozen assets. This step follows US President Trump's comments on progress towards reopening the strategic waterway. π’