Iran and Oman have maintained active diplomatic engagement in recent weeks over navigation arrangements in the Strait of Hormuz, including joint statements and foreign minister consultations on interim maritime corridors, mine clearance, and technical mechanisms for safe transit. These talks occur amid broader regional tensions involving shipping incidents, naval mines, and U.S.-Iran exchanges near the waterway. Oman’s longstanding neutral posture and role as a facilitator have historically limited direct targeting of its territory, even as Iranian forces have struck U.S.-linked sites there earlier in the conflict. Upcoming technical working group meetings and any progress on the Islamabad Memorandum framework could shape escalation risks, while renewed maritime incidents or shifts in U.S. posture remain key variables for trader assessments of near-term Iranian actions toward Oman.