Iran-Oman Hormuz Agreement by August 31?

Recent bilateral negotiations between Iran and Oman have advanced rapidly toward a joint protocol on shipping lanes and navigation oversight in the Strait of Hormuz, with geographic coordinates reportedly agreed and a draft statement in final review as of early August 2026. Iranian officials describe the process as entering its final stages while emphasizing that any management pact remains distinct from full waterway reopening, which Tehran conditions on U.S. actions including compensation and ending related restrictions. Oman has characterized the discussions as positive and constructive. These developments occur against the backdrop of shipping disruptions in the strait since February 2026, with potential near-term announcements hinging on approvals from Iranian leadership and absence of external interference. Trader assessments reflect uncertainty over timing and linkage to broader U.S.-Iran diplomacy.

View this market on Polymarket →