Iran has confirmed a shipping map deal with Oman for the Strait of Hormuz, representing a tentative step toward managing shipping routes amid ongoing tensions with the United States. The strait will not fully reopen at this stage, as Tehran links any reopening to resolving alleged U.S. violations. Oman is acting as a mediator in this context of unresolved military and diplomatic tensions between Tehran and Washington. Market odds for a U.S.-Iran agreement by August 31 remain low, with only a 10.5% YES probability according to traders. This announcement suggests a limited de-escalation effort within a still-hostile maritime environment.
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