#IranOmanAgreeOnFreeStraitPassage Iran and Oman are moving closer to a new shipping deal for the Strait of Hormuz.
The proposed plan could create separate routes for ships entering and leaving the Gulf.
Iran would manage shipping on its side, while Oman would have a role in the outbound route.
The main goal is to keep commercial shipping moving and reduce further disruption.
The proposed arrangement also includes a temporary period of toll-free passage for commercial vessels.
But traders should not see this as a full reopening yet.
Reuters reports that the Iran-Oman deal is close to being fin