An Emerging Deal Between Iran and Oman to Reopen Hormuz Would Come at a Cost for TrumpBuobe IA context · why it matters The reopening of the Strait of Hormuz — Increased global oil supply stability. If realized, this deal — Potentially reduced tensions between Iran and the US. Focusing on potential outcomes: Regional powers may seek similar agreements to enhance their strategic positions. Published byrss.nytimes.comon •1 min readShips in the Strait of Hormuz seen from Musandam, Oman, in June. An emerging deal, if it happens, would reopen shipping traffic in the strait, according to Iranian and U.S.políticanaviosconflitoLearn moreShareLegalReport