Iran Rejects Regional Management of Hormuz, Blocking Oman Formula
β HORMUZ β Tehran just said no to the only formula everyone agreed on. π LOOK CLOSER: Oman's fee plan worked because it kept Hormuz governance off the table β regional management was the face-saving middle ground. Iran's rejection strips Thursday's address of its diplomatic scaffolding. Washington now walks in without a live deal to announce; Netanyahu walks in with a strike rationale. Gulf consensus behind the formula collapses before Trump speaks.