Oman has expressed frustration over Iranian attacks on commercial ships near the Strait of Hormuz, one of the world’s most vital shipping lanes, urging Tehran to cease such activities following a series of incidents that have disrupted maritime navigation. The sultanate has been actively mediating between conflicting parties to maintain open and safe passage through the strait. Market sentiment has been affected, with prediction-market contracts betting on a US-Iran agreement to restore normalcy in the Strait of Hormuz by August 15 showing decreased YES pricing, indicating reduced optimism for a swift resolution. The probability of an agreement by August 31 remains moderately higher, yet uncertainty persists amid ongoing diplomatic challenges.
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