Iran is reportedly nearing a landmark deal with Oman concerning the management of the crucial Strait of Hormuz, a vital waterway for global oil shipments. As negotiations progress, Iran is setting steep demands for the reopening of the strait, insisting that the U.S. must rectify its behavior and provide war reparations before any agreement can be finalized. Iranian officials have expressed concerns over potential U.S. blockades leading to an economic collapse, complicating the discussions further. Meanwhile, Israeli Prime Minister Netanyahu continues to resist any U.S. peace plans, highlighting the fraught geopolitical tensions in the region. Amid these developments, Iran maintains that no agreement will be enacted unless its conditions are met, which includes asserting control over shipping traffic in the strait, thereby escalating the stakes for both U.S. and Iranian interests.