We've seen this show before, but here we are again: There are indications that Iran and Oman may be nearing a deal over opening the Strait of Hormuz. Iran and Oman hold the east and west banks of the Strait of Hormuz, respectively, but the Strait has long been considered international waters, free for passage. Iranian Foreign Minister Abbas Araqchi said Iran and Oman were “very close” to agreement on a new shipping route through the Strait of Hormuz but that reopening the strait depended on other conditions, including U.S. compensation to Iran. President Trump almost certainly won't accept any deal that includes either Iran or Oman charging any kind of toll on shipping through the Strait of Hormuz. Again, we see Iran offering to "open" the Strait of Hormuz if the United States agrees to conditions that the Trump administration will never accept.