Oman’s foreign minister will visit Tehran to discuss the management of the Strait of Hormuz, a strategic waterway. The talks are part of broader efforts to deconflict maritime operations amid ongoing tensions between Iran and the United States. Oman plays an intermediary role, highlighting its strategic position in facilitating dialogue in the region. Markets currently price an 8% probability of an Iran-Oman Hormuz management agreement being reached by August 31, with only 2.5% probability for a broader US-Iran agreement.
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