US-Iran deal in 2026Veteran Middle East correspondent Elijah Magnier has indicated that the active bombing phase in the ongoing Iran-U.S. conflict is expected to pause for several weeks. This pause is anticipated following the implementation of an arrangement between Oman and Iran concerning the management of the Strait of Hormuz. The discussions, facilitated by Oman, are reportedly linked to broader diplomatic negotiations involving sanctions relief and regional security assurances. AdvertisementKey TakeawaysMarkets suggest that the expected pause in conflict could increase the likelihood of a US-Iran deal concerning reconstruction funding. The arrangement over the Strait of Hormuz is seen as a move towards broader diplomatic engagement between the U.S. and Iran.