Strait of Hormuz Talks: Oman says its navigation talks with Iran are moving in a “positive and constructive atmosphere,” while Iran’s FM Abbas Araghchi says a new shipping route is in “final stages” but the strait won’t reopen unless the US meets conditions including compensation and an end to sanctions and threats. US-Iran Posture: US President Donald Trump told Axios he is “low keying” Iran—opting for economic pressure over fresh military moves—while oil markets react to the uncertainty. Shipping Risk: Iran’s parliament committee approved a bill to bar US and Israeli vessels from Hormuz, and reports say tanker traffic has collapsed to single digits, with near-miss incidents and mine/drone threats adding pressure on maritime operators. Energy Markets: Reuters reports oil prices rose on hopes of an Oman-Iran framework, but the reopening timeline remains conditional. Regional Spillover: Iran-Oman Hormuz tensions run alongside renewed Red Sea attacks, including Houthi strikes on Yemen’s Mokha port and an Aramco refinery incident in Saudi Arabia. Oman Business Policy: Oman plans mandatory e-invoicing from April 2027, signaling continued push for digital compliance in trade and services.