Iran and Oman are moving closer to an agreement on reopening the Strait of Hormuz, with Qatar's Foreign Ministry spokesperson Majed Al-Ansari saying negotiations are progressing and could yield a deal soon as regional mediators work to replace wartime disruption with a managed transit framework after the U.S.-Iran war. The talks cover safe navigation, separate inbound and outbound lanes, potential fees and other regulatory measures, while Iran has previously said full reopening depends on U.S. de-escalation and resolving disputes over compensation and alleged violations of a June memorandum of understanding. Pakistan remains involved in parallel mediation efforts, and markets have treated the latest signals as reducing the chance that the United States will impose passage fees, with investors watching for further comments from President Donald Trump, Secretary of State Marco Rubio and Iranian officials ahead of an August 31 deadline.