Iran Foriegn Ministry Spokesperson says Iran and Oman continue talks on the Strait of Hormuz, reports IRIB

Oman's role as intermediary between Iran and outside parties is long-established; Muscat has historically served as the backchannel of choice in Gulf disputes, and dialogue routed through it has tended to signal de-escalation rather than confrontation. Talks framed around safe shipping arrangements in Hormuz fit a familiar pattern in which periods of tanker seizures, harassment, or insurance-driven disruption have eventually been managed through exactly this kind of technical and political track, with the strait's throughput rarely interrupted in practice even at the height of tensions. The read for crude is through the geopolitical risk premium embedded in the front of the oil curve and through war-risk insurance and freight rates on Gulf loadings, both of which have historically bled out gradually as such talks progress rather than gaping lower on any single headline. Language about ensuring sovereign rights while accommodating Iranian security considerations is the standard boilerplate of these episodes; the substantive tell is whether the talks produce a concrete mechanism for transiting vessels and whether incidents involving tankers actually stop. Worth noting the absence of any US or other party at the table, which limits how much a bilateral Iran-Oman understanding can settle on its own. Next watchpoints are the announced conclusion of the talks, tanker traffic data through the strait, and any shift in insurance pricing for Gulf transits.