Recent diplomatic signals from Tehran indicate ongoing coordination with Muscat on Strait of Hormuz management under international law, including joint oversight and potential maritime services, yet no formal bilateral agreement appears to have been concluded or publicly ratified by the June 15 deadline. The mid-June US-Iran framework deal references future Iran-Oman discussions on administration alongside other Gulf states, but its focus on reopening traffic and a 60-day negotiation window has not produced a verifiable Iran-Oman pact within the market's timeframe. This combination of statements without final documentation sustains competitive balance, with traders assigning a modest edge to "No." A late official announcement, joint communiqué, or confirmation of signature before resolution could shift odds toward "Yes," while continued ambiguity or emphasis on multilateral talks would reinforce the current slight lean.