Iran is seeking support from Gulf states for a new arrangement regarding the Strait of Hormuz amid escalating regional tensions and repeated attacks on commercial vessels. This proposal aims to manage the strategic chokepoint through cooperation rather than unilateral action. According to prediction markets, the probability that the United States charges fees for the strait by year-end remains low at 6.8%. Markets also view a U.S.-Iran agreement on Hormuz by September 15th as unlikely, with odds at only 2.7%.
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