Iran's demands and US optimism: what is known about the upcoming agreement

The US and Iran are close to a temporary agreement to reopen the Strait of Hormuz. The US Treasury Secretary said a deal could be reached in the coming days, and Rubio confirmed progress. Oil prices fell below $78 per barrel. Iran demands control over ships and transparency, with permits through Oman. Markets are cautious after the failure of the June memorandum.

Amid US-Iran talks on reopening the Strait of Hormuz, oil prices have sharply fallen below $78 per barrel. Washington and Tehran are close to concluding a temporary agreement that could fully open the strait to commercial shipping. The US Treasury Secretary said on CNBC that a deal could be reached in the coming days. Secretary of State Marco Rubio confirmed significant progress. The plan would grant commercial vessels full freedom of movement without transit fees from Tehran. President Trump canceled a major military strike on Iran to give diplomacy a chance. US oil futures plunged about 3%, dropping below $78 per barrel. Tehran has put forward demands: control over the movement of ships arriving through the strait and full transparency of the movement of departing ships. The exit route would run between Iran and Oman, with permits issued through Oman after notifying the Iranian side. Iranian television believes an understanding with Oman is achievable if the US stops its interference. Experts and markets view the deal with suspicion. In June, the parties signed a memorandum that collapsed due to disagreements, followed by escalation: attacks on tankers, airstrikes, and a blockade.