Iran and Oman maintain close diplomatic coordination on managing shipping routes through the Strait of Hormuz, with senior officials holding talks in Muscat in early October 2026 to implement joint corridors and mine-clearing efforts under their bilateral memorandum. This cooperation occurs amid stalled U.S.-Iran negotiations over reopening the waterway and repeated attacks on tankers in nearby waters, yet no verified Iranian military strikes have targeted Omani territory or facilities in recent weeks. Oman functions as a key neutral mediator and backchannel, while Iran focuses demands on U.S. concessions rather than escalation against Gulf partners. Upcoming developments in Hormuz talks or broader regional de-escalation signals could further shape trader assessments of direct confrontation risks.