WS #13460
Iran and Oman finalize draft agreement to reopen Strait of Hormuz, awaiting supreme leader approval; Trump says deal could come today or tomorrow, with Rubio and Bessent confirming progress. US Treasury removes Iran-related sanctions (OFAC delisting of Fly Baghdad), a concrete step toward de-escalation, supporting Hormuz deal optimism. Houthis strike and sink a Saudi-linked vessel near Bab Al-Mandab, escalating maritime blockade and threatening oil supply routes, countering Hormuz deal optimism.
Hormuz deal progress
Iran and Oman finalize draft agreement to reopen Strait of Hormuz, awaiting supreme leader approval; Trump says deal could come today or tomorrow, with Rubio and Bessent confirming progress.
US Treasury removes Iran-related sanctions (OFAC delisting of Fly Baghdad), a concrete step toward de-escalation, supporting Hormuz deal optimism.
Houthis strike and sink a Saudi-linked vessel near Bab Al-Mandab, escalating maritime blockade and threatening oil supply routes, countering Hormuz deal optimism.