Analysis of the Strait of Hormuz Consensus

The article discusses optimism and developments in the negotiations to reopen the Strait of Hormuz between Iran and Oman, amid threats and American interventions. The talks have focused on establishing a secure waterway that ensures Iran's rights and serves the interests of the coastal states, with Tehran striving to maintain ongoing influence over the future management of this vital waterway. Reports indicate that reaching an agreement may be delayed due to opposition from certain parties, especially the Revolutionary Guards. According to experts, Iran seeks to transform its wartime leverage into a lasting political role, while the United States considers any state control over international waters to be unlawful, threatening the stability of the oil market, which is already suffering from declining reserves and the lack of a near-term agreement.

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