Iran and Oman Reportedly Near Deal to Reopen Strait of Hormuz

Iran and Oman are reportedly close to an agreement to reopen the Strait of Hormuz, a vital global shipping route closed since February. The potential deal could grant Iran control over inbound traffic and Oman over outbound, though Iran links full reopening to the US lifting port blockades. This development carries significant implications for international trade, energy markets, and global supply chains.