Oil prices rose Friday as investors waited for an agreement teased by the Trump administration earlier this week to open the Strait of Hormuz to freedom of navigation. Iran and Oman are working on an agreement to define transit routes through the strait, according to media reports. Inbound traffic would transit Iranian waters while outbound traffic would go through Omani waters. But Iranian state media published a draft plan Thursday that would restrict traffic through Hormuz. Under the draft plan, Iran would ban U.S. and Israeli ships from transiting the Strait.