The Strait of Hormuz may be reopening after tense negotiations brokered by Oman, offering Iran greater control over this vital oil chokepoint—handling a fifth of global trade. A temporary 60-day deal lets ships enter via Iranian waters and exit through Omani ones, with mine clearance targeted for 30 days and a voluntary upkeep fund possibly backed by Europe. Inspired by the Malacca model, this fragile truce follows a recent ceasefire collapse and comes as U.S. missile stockpiles reportedly dwindle, despite Trump’s claims of overwhelming firepower.
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