Veteran Middle East correspondent Elijah Magnier says the active bombing phase of the Iran-US conflict will pause for several weeks. The shift comes after Oman brokered an arrangement over the Strait of Hormuz, a chokepoint that handles most of the world's oil and LNG shipments.
The deal hints at a broader diplomatic push. Washington has already eased oil sanctions temporarily, and talks now touch on reconstruction funding and regional security guarantees. Markets are pricing in a real chance of a full US-Iran agreement emerging from the current window.
What happens next depends on how fast both sides formalize the Oman arrangement. Any public statement from Trump or Iran's Foreign Minister Javad Zarif could shift market expectations instantly. A flare-up from Israel or other regional players would just as quickly unwind the current optimism.
