Iran is set to retain control over inbound vessels entering the Persian Gulf through the Strait of Hormuz under a proposed deal with Oman, according to Iranian sources.
The agreement, which is in its final stages, is designed to help end five months of war between Iran and the United States.
Tehran’s insistence on maintaining oversight of the chokepoint underscores its determination to preserve strategic leverage even as diplomatic efforts advance toward a ceasefire.
The development comes as markets have already begun to price in a potential de-escalation.
Gold surged to a seven-week high earlier in the session as hopes for a Hormuz deal eased fears of further rate hikes, signaling that investors are weighing the prospect of reduced geopolitical risk against the reality of continued Iranian control over critical energy routes.
While the agreement may lower the immediate threat of outright closure, the retention of Iranian authority over inbound shipping means that route exposure and tanker risk remain material concerns for energy traders.