Iran's Security Chief Rezaei says mediators asked Iran for its conditions to open Hormuz and Tehran is preparing list

• Have agreed to corridor with Oman, part of it lies in Omani waters and some in iranian waters.

Precondition-swapping of this kind is the standard opening posture in Hormuz standoffs: Tehran has periodically threatened or been pressed to reopen or guarantee the strait, and the sequence has typically run through back-channel mediation, with Oman the recurring conduit given its geography on the strait and its history as an intermediary between Tehran and Western or regional parties. A corridor partially in Omani waters is a familiar formula, allowing each side to describe transit as running through neutral territory rather than under the other's control, which is how face has been saved in comparable episodes. For crude pricing the transmission is the tanker channel: war-risk insurance premia, freight rates, and the willingness of owners to transit, rather than the physical loss of supply, has historically done most of the work in the Brent premium. The tell in past episodes has been whether named conditions are ever published and whether tanker tracking and insurance quotes normalise before any formal announcement, since freight and cover costs have tended to retrace faster than the headline risk premium. Worth noting that statements of this type from security officials rather than the foreign ministry have on previous occasions signalled domestic posturing as much as negotiation, and the follow-ons are mediator confirmation and any shift in shipping behaviour through the strait.