Strait of Hormuz: A Deal in Sight, but at What Cost? The latest developments on the Strait of Hormuz front have sparked speculation about a potential deal between Iran and Oman to reopen the vital waterway.
President Trump's comments, suggesting that an announcement could be made as soon as today, have added fuel to the fire.
Behind the scenes, Iran and Oman are reportedly working on a proposal that would allow ships to enter the Persian Gulf through an Iranian controlled route and exit through a route controlled by Oman.