Iran-Oman Shipping Deal Nears Completion Amid Trump Pressure

Iran and Oman are nearing an agreement to establish a temporary shipping route through the Strait of Hormuz, one of the world's most critical energy corridors. The proposed deal would address concerns over transit fees, security, and control of vessels entering the Gulf.

The development comes as President Donald Trump has warned Iran to reopen the strait soon, adding to the uncertainty surrounding global oil supplies. Brent crude prices edged lower in response to the latest developments, but the market remains cautious due to ongoing negotiations.