IRAN IS DRAFTING A PROTOCOL WITH OMAN TO MANAGE TRAFFIC THROUGH THE STRAIT OF HORMUZ. OIL DUMP

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Per Grok:
This signals Iran formalizing joint oversight with Oman (co-owner of the strait) for controlled traffic management amid recent restrictions—likely enabling selective reopenings for vetted/compliant ships (e.g., Asia-bound tankers) while imposing tolls/fees via pending legislation.

For markets: Reduces full-closure risk, easing oil volatility short-term (as seen in today’s S&P pop), but adds regulatory costs and selective access. Positive for energy stability if it holds; monitor UN talks and enforcement.