The discussions between Iran and Oman involve shipping routes and possible service fees but are conditional on the U.S. lifting sanctions. AdvertisementKey TakeawaysTrump’s opposition to Iranian control and transit fees suggests a decrease in the likelihood of the U.S. imposing its own fees on the Strait of Hormuz. The ongoing negotiations between Iran and Oman could lead to changes in the market outlook if U.S. sanctions are addressed. Additionally, any adjustments in U.S.-Iran relations, including sanctions or diplomatic agreements, could impact market pricing related to Hormuz transit fees. Changes in these areas would be consistent with shifts in market expectations regarding the U.S. charging fees in the Strait of Hormuz.