[Today’s Iran war post launched largely complete. Iran recognizes the necessity of coming to an understanding about how to manage the Strait of Hormuz on an ongoing basis. Nevertheless, the headline, Iran Says Agreement on Hormuz Shipping Reached With Oman, still lends itself to misinterpretation by optimists. On the state of Strait of Hormuz transits:Strait of Hormuz over the last 24 hours: Another deadline goes by Strait of Hormuz was supposed to be open today according to Axios. The associations warned that introducing transit tolls or service fees would undermine the international legal framework governing navigation through international straits and create uncertainty for international shipping and global commerce.