A former U.S. defense secretary has raised concerns over a potential agreement between Iran and Oman to regulate traffic in the Strait of Hormuz, warning it could negatively impact U.S. interests. The strategic waterway is a crucial transit route for global oil shipments, and any shift in control could have significant geopolitical implications. Talks between Iran and Oman are reportedly ongoing, with details of a joint announcement yet to be finalized. Market pricing currently assigns a 47.5% probability of a deal being reached by the August 15 deadline.
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