Strait of Hormuz Talks: Iran and Oman are nearing an agreement to reopen Strait of Hormuz shipping, with a proposed setup that would route inbound traffic through an Iran-controlled channel and outbound traffic via an Oman-controlled lane, using a “service fee” model instead of tolls—though the US disputes key details and says any routes would be temporary and not require Iran’s permission. US-Iran Rhetoric Clash: Donald Trump says talks are “going on right now” and warns Iran has a “last chance” before “decapitation,” while Iran’s foreign ministry insists there are no negotiations with the US and that discussions are only with Oman on a temporary maritime corridor. Maritime Security: A cargo vessel reported being hit by an unknown projectile about 20 nautical miles northeast of Al Khasab, Oman, prompting UKMTO warnings and renewed caution for ships. Oman Logistics Boost: Oman Air Cargo launched five new routes in one week—Muscat to Singapore, Tashkent, Sochi and Abu Dhabi, plus Salalah–Dubai—aimed at improving Asia connectivity and cold-chain/perishables capacity. Markets Watch: Oil rebounded modestly after sharp drops as traders weigh Hormuz uncertainty, while gold stayed range-bound amid geopolitical and rate outlook jitters.