Iran and Oman have advanced bilateral talks on a temporary shipping corridor through the Strait of Hormuz, with Iranian Deputy Foreign Minister Kazem Gharibabadi stating on October 23 that the sides reached in-principle agreement on nearly all issues, including geographic coordinates for a single route through Iranian waters lasting two to four months, and are finalizing a joint statement. These developments build on October high-level meetings and earlier June commitments under the Islamabad Memorandum of Understanding, which tie any broader reopening or permanent management framework to U.S. fulfillment of related terms. Iranian officials have repeatedly emphasized that any corridor agreement excludes full reopening, outside interference, or immediate fee structures, while continuing parallel discussions on mine clearance and long-term administration. Trader consensus on an agreement by year-end reflects steady diplomatic momentum between the coastal states alongside persistent uncertainty over sequencing and external conditions.