Diplomatic momentum is building in the Gulf even as attacks on shipping continue. Tehran announced that an agreement with Oman to reopen the Strait of Hormuz is close to completion, with both nations having settled on the coordinates for routes through the strategic waterway. Main Developments Iran's statement marks a significant step toward restoring navigation in a passage that handles a substantial share of global oil traffic. The finalized coordinates represent a technical breakthrough after weeks of negotiation between the two neighbors. Simultaneously, Yemen's Houthi forces launched attacks on Saudi tankers, underscoring the fragility of maritime security in the region. The strikes came as Israel continued its bombing campaign in Lebanon, widening the scope of the conflict. Read also: TikTok influencer killed during livestream in Mexico Background The Strait of Hormuz has been a flashpoint for years, with Iran repeatedly threatening to close it during disputes with the West. Oman has historically served as a mediator, maintaining diplomatic ties with both Tehran and Washington. US President Donald Trump added another layer to the situation, reiterating that Washington is engaged in talks with Tehran. He stated a preference for diplomacy over military confrontation, signaling a possible shift in the administration's approach. Why It Matters The Hormuz waterway is a vital artery for global energy supplies, and its closure would send shockwaves through oil markets. A deal between Iran and Oman could de-escalate tensions, but the Houthi attacks on tankers reveal that threats to shipping persist from multiple actors. Trump's comments about ongoing negotiations suggest a potential diplomatic opening, yet the parallel military actions in Lebanon and at sea indicate that a comprehensive resolution remains distant. The interplay between these developments will shape regional stability in the coming weeks. What's Next Attention now turns to whether the Iran-Oman agreement can be formally signed and implemented. The Houthi attacks raise questions about their ability or willingness to disrupt the deal, while Israel's operations in Lebanon could draw in other regional players. Observers will watch for concrete steps from Washington and Tehran to confirm whether Trump's claimed talks translate into tangible progress.