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Wed · 04 Nov 2026

IRGC: Hormuz Reopening Conditional on US Acceptance, Separate From Oman Talks

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IRGC: Hormuz Reopening Conditional on US Acceptance, Separate From Oman Talks

⚓ HORMUZ — The IRGC just severed the diplomatic track everyone was trading on. 📌 LOOK CLOSER: Oman's framework assumed corridor terms would unlock passage. The IRGC now says reopening is a US political concession, not a technical negotiation. That splits the process: Oman can't deliver what Tehran's military won't authorize. Markets pricing a deal just lost their mechanism. The variable that shifts next is Brent — sharply upward.

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