Badr bin Hamad Al Busaidi

Hormuz Talks: Mixed Signals on Reopening

Oman and Iran have proposed establishing a temporary navigational corridor and a plan to clear mines in the Strait of Hormuz, with talks aiming toward a permanent framework, shared traffic management, and respect for sovereignty and international law. The moves have driven market expectations about a forthcoming Iran–Oman agreement on Hormuz, with traders pricing in rising odds of a formal deal in the coming months.