WS #13608
Iran and Oman reportedly reached a framework to reopen the Strait of Hormuz, with Iran controlling entry and Oman exit, no initial fees, but US demands free passage. Houthi attacks expand north toward Yanbu, threatening Saudi oil exports and Suez rerouting, keeping oil supply risk elevated.
Strait of Hormuz reopening framework
Iran and Oman reportedly reached a framework to reopen the Strait of Hormuz, with Iran controlling entry and Oman exit, no initial fees, but US demands free passage.
Houthi attacks expand north toward Yanbu, threatening Saudi oil exports and Suez rerouting, keeping oil supply risk elevated.