US, Iran and Oman near interim accord to reopen Strait of Hormuz; announcement could come Wednesday

Reports that the US, Iran, and Oman are nearing an interim deal to reopen the Strait of Hormuz reduce immediate geopolitical tail-risk around a critical global energy chokepoint. Easing disruption risk typically pressures crude risk premia, improves broader risk sentiment, and can lower implied volatility across energy-linked assets. The headline is most directly consequential for oil benchmarks and related energy equities due to potential normalization of supply-route expectations.