Recent diplomatic engagement between Iranian President Masoud Pezeshkian and Omani Sultan Haitham bin Tariq, including an October 11 phone call focused on bilateral ties and regional stability, occurs against a backdrop of sustained Strait of Hormuz tensions. Iran and Oman have advanced talks on temporary shipping corridors and mine clearance, yet maritime incidents persist, including vessel strikes, mine reports, and enforcement actions in the Gulf of Oman. Historical Iranian drone and missile activity targeting Omani ports such as Duqm and Salalah since March 2026, linked to broader conflict dynamics, continues to shape assessments of escalation risks. Traders monitor upcoming technical consultations and any shifts in naval activity or U.S. involvement for signals on further targeting.