Iran and Oman float a Hormuz reopening deal — Trump not yet at the table
Iran and Oman reportedly discussed a "phased framework" to reopen the Strait of Hormuz with a permanent navigational corridor, per the official Oman News Agency. Brent slid to $85 on the news, yet Washington hasn't signed on. A deal that clears the world's busiest oil chokepoint, minus the U.S., shifts the global supply picture and the leverage available in it.