Hormuz might be shifting from a blockade to controlled passage The Iranian Foreign Ministry stated that Iraq and Gulf countries will hold a meeting in Oman on September 14 to discuss commercial shipping routes in the Strait of Hormuz. Previously, Iran and Oman had reached an understanding to establish a temporary security corridor. This meeting essentially expands the original Iran-Oman plan to a broader discussion involving the entire Gulf region. While this doesn’t mean Iran is ready to fully open Hormuz, I’m more inclined to believe that Iran is turning Hormuz from a purely military blockade into a long-term bargaining chip. Completely blocking Hormuz comes at a significant cost for Iran itself. But if it shifts to controlled passage, Iran could allow partial resumption of commercial shipping and energy transport for countries like Iraq, Qatar, and the UAE, while still maintaining control over Hormuz to prevent hostile parties from navigating through. If a temporary security corridor can be established, it would help ease rising oil prices. However, the key question is whether Iran is willing to open Hormuz now, even partially, or if it will hold out until after the U.S. midterm elections. After all, even a partial opening would directly alleviate U.S. inflation pressures. @Gate Crypto, U.S. stocks, Hong Kong stocks, Korean stocks, gold, CFDs, prediction markets—all-in-one trading platform.