According to CoinMeta, as reported by Axios, the United States, Iran, and Oman are close to reaching a temporary agreement to re-open the Strait of Hormuz. The U.S. plans to announce this development on Wednesday. This preliminary agreement will meet several of Iran's demands regarding control over traffic in the Strait of Hormuz, which Iran did not have before the war. The agreement under discussion will establish a 60-day temporary arrangement for the Strait of Hormuz, and this period may be extended.