In a significant development, Oman has reported positive discussions with Iran regarding an agreement to establish a secure shipping route through the strategically important Strait of Hormuz. This potential deal comes amidst ongoing tensions, as Iran warns that any agreement would not result in immediate reopening of the strait. Discussions between the two parties, held over the weekend, suggest progress, although a definitive timeline for finalization remains elusive. Oman's foreign ministry has cautioned against potential attacks on shipping that may impede this process. Iranian Foreign Minister Abbas Araghchi indicates that talks are in their concluding stages but insists the reopening of the strait is contingent upon meeting other conditions. Since February, Iran has effectively blockaded the waterway, through which approximately a fifth of the world's oil and natural gas usually flow, following US and Israeli attacks. The recent negotiations have focused on the possibility of an Iran-Oman deal for a new shipping route, with both parties assuming responsibility for its maintenance. However, Araghchi states that the full reopening of the strait hinges on additional conditions being met, including compensation from the US for alleged violations and other unspecified demands. Tensions have escalated further as Iran's security chief, Mohammad Baqer Zolqadr, stated that the Strait of Hormuz would not reopen until the US alters its behavior. Meanwhile, US President Donald Trump has expressed optimism about a potential deal with Iran, while Vice-President JD Vance appears more skeptical, emphasizing the need for continued diplomatic, economic, and military efforts to secure favorable outcomes for American interests. Additionally, Vance asserts that the same volume of oil will flow from the Gulf post US military intervention, without providing specifics. Oman has also issued a warning against attacks on ships in the strait, following reports of Iranian hostilities towards an Adnoc tanker affiliated with the United Arab Emirates (UAE) and another ship being struck off the coast of Oman.