Hossein Mohbi, spokesperson for Iran's Islamic Revolutionary Guard Corps, stated on the 26th that Iran and Oman have reached an agreement on issues such as the distribution of revenues from the Strait of Hormuz. Earlier, on the 25th, Iranian Deputy Foreign Minister Gharibabadi revealed that the two countries had reached a new understanding regarding shipping routes in the Strait of Hormuz. Routes entering the Persian Gulf will pass through Iranian waters, while routes leaving the Persian Gulf will pass through Omani and Iranian waters. Furthermore, only merchant vessels will be allowed to pass, with no military vessels permitted. This transit arrangement is a temporary measure, and the two countries will negotiate to establish permanent routes within 30 to 60 days. Boosted by this news, Brent crude futures fell to $85 per barrel in early trading on Wednesday, with a cumulative weekly decline of over 9%; West Texas Intermediate crude was trading near $80 per barrel. Satellite images show a significant acceleration in loading activities at Iraq's Persian Gulf export terminals, and multiple oil producers are also expediting ship-to-ship crude oil transfers in the Gulf of Oman. The market is gradually digesting the expectation of easing tensions in Hormuz.