Iran Says Agreement on Hormuz Shipping Reached With Oman

Iran and Oman have reached an agreement on a temporary shipping route through the Strait of Hormuz, a potential step toward reopening the critical waterway for energy supplies. The deal awaits final drafting and could be obstructed by the United States, while internal rivalries in Iran hinder broader talks. Brent crude remains just below $80 as traders monitor the diplomatic developments. - Iran and Oman agree on a proposed route to temporarily reopen the Strait of Hormuz for energy shipping. - A joint statement is in final drafting; outbound ships would use the northern part near Oman, inbound the southern part. - The agreement is separate from wider nuclear talks and may be obstructed by the United States. - Internal rivalries within Iran, cited by VP JD Vance, are complicating broader negotiations. - Brent crude holds recent losses below $80 per barrel as the market assesses potential supply relief.