Securing a diplomatic resolution to reopen the Strait of Hormuz may require President Donald Trump to make significant concessions, according to reports emerging from Washington.
The prospect of a compromise comes as the chokepoint remains a flashpoint for global trade, with vessels continuing to navigate heightened risks in the region.
The potential for a negotiated settlement follows a period of intense volatility, during which the US administration issued stark ultimatums to Iran regarding transit arrangements.
Reports indicate that a deal involving Oman could be pivotal, though it demands flexibility from the White House to avoid further escalation.
This development adds a new layer of complexity to the ongoing standoff, which has already seen threats of devastating air strikes if agreements are not reached promptly.
Markets have reacted sensitively to the shifting diplomatic landscape.