Iran and Oman are reportedly nearing a maritime agreement that could lead to the reopening of the Strait of Hormuz, a strategic waterway. Oman is acting as a mediator in these talks, which are part of ongoing negotiations between the United States and Iran. The proposed agreement would involve Iran maintaining some level of control over maritime traffic rather than an unconditional reopening. Market indicators reflect a moderate decrease in the likelihood of a U.S.-Iran deal regarding the Strait of Hormuz by August 15. The outcome of these negotiations could have a significant impact on market expectations.
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