Omani foreign minister is hopeful they will soon announce a temporary corridor for the Strait of Hormuz and practical arrangements to restore safe navigation

Oman has a long-established record as the region's intermediary of choice in Gulf maritime disputes, having previously hosted back-channel contacts between Iran and Western parties and worked on freedom-of-navigation issues in the strait. Statements of intent from Muscat have historically preceded concrete de-escalation arrangements more often than parallel rhetoric from other capitals, so the source carries weight, though hopeful language is not a signed agreement. The mechanism that matters is shipping risk premia: tanker insurance rates, freight quotes, and the willingness of owners and flag states to resume transit through Hormuz tend to retrace only when a corridor is operational and observed, not merely announced. Past episodes of threatened closure or harassment have typically unwound in stages, with war-risk premiums and the crude term structure easing first on headline progress and more fully once insurers and shipping lines confirm normal operations. The follow-ons are formal announcement, the terms of the practical arrangements, Iranian and Western responses, and evidence of vessels transiting without escort. Until then this is a diplomatic signal rather than restored supply security.