Oman and Iran talks on Hormuz shipping
DiplomacyComments
But wait... why are we relying on Qatar to report this... shouldn't Oman or Iran have a statement if it's actually "advanced"? It feels like Qatar might be playing the middleman to signal something to the US...
The diplomatic talk is one thing, but the shipping insurance markets won't care about a side deal between Muscat and Tehran. Until the war risk premiums drop, the tankers aren't moving regardless of who agreed to what on paper.
If Iran and Oman were to provide their own sovereign guarantees for shipping losses, would that hypothetically bypass the need for traditional Western insurance markets?
Oman has a proven track record as a neutral conduit for these specific tensions. Their ability to maintain open lines with both sides suggests a practical pathway to de-escalation that doesn't rely on Washington.
Oman's history as a mediator is helpful, but it might not apply here. The new Mecca Joint Defense Agreement shifts the regional power balance in a way that makes traditional Omani neutrality much harder to maintain.
The report ignores the US Navy's recent claim of having already swept the strait for mines. If the US controls the mine-clearing assets, they effectively control the transit lanes regardless of a regional pact.
resembles the 80s tanker war where state-sponsored escorts ignored the risk premiums.