The deal everyone is calling a reopening isn’t one

ommercial vessels passing through Hormuz Strait, while an Omani official and and IRGC officer are shaking hands on the background.

Tehran and Muscat are drafting a Hormuz arrangement this week that reads, on close inspection, less like shared governance and more like Iran buying a co-signature for permanent control with the Gulf’s power map shifting in ways that don’t quite match the popular script.

This content is locked

Select a CN Premium Subscription Package To Unlock The Content!