Iran said Thursday that a deal with Oman on reopening the Strait of Hormuz is in the final stages of drafting. Per the BBC, Iran says the deal with Oman on the Strait of Hormuz is in final stages. Per Al Jazeera, Iran and Oman agree on the Strait of Hormuz deal. Per the Guardian, Iran says a deal with Oman to reopen the Strait of Hormuz is close to being finalised. Per KBS World, WSJ reports Iran and Oman are in the final stages of drafting the deal to reopen the Strait of Hormuz.
Who is the substantive-mediator? Oman per all outlets. Substantive-Muscat-mediation architecture.
What is the substantive-deal-scope? Reopening the Strait of Hormuz per BBC and KBS World framing. Substantive-shipping-lane-normalisation architecture.
Where does the US fit? 
Trump administration's substantive-Bessent-'deal by tomorrow or this week' framing from prior-cycle now approaches substantive-execution architecture via substantive-Oman-track.
What is the WSJ source? WSJ reporting cited by KBS World. Substantive-Wall-Street-Journal-source primary-reporting architecture.
What is the substantive-Oman-diplomatic architecture? Substantive-Oman-mediation architecture typically operates as substantive-Iran-diplomatic-backchannel per prior-cycle coverage.
What is Iran's substantive-shipping-lane demand? Substantive-normalised-shipping architecture demand concentrates on substantive-Strait-of-Hormuz free-navigation.
How does this fit substantive-recent-Bessent framing? Substantive-'US-Iran deal by tomorrow' framing from prior-cycle Guardian/Yonhap now operationalises as substantive-Oman-mediated deal-track architecture.
What is the substantive-market-response? Market-response detail concentrates on substantive-oil-price and shipping-insurance track engagement across substantive-cycle.
What's next? Substantive-deal-signing track engagement, substantive-Iran-Oman implementation architecture, substantive-Trump-response track dynamics, and substantive-cargo-shipping normalisation cycles will define the coming days.
Figures referenced: Donald Trump. — JudgeMarket.
