According to CoinMeta, Oman and Iran have reached a temporary agreement framework for the Strait of Hormuz, allowing merchant ships to navigate through the routes controlled by both Iran and Oman without being charged a toll. The agreement is aimed at laying the groundwork for the resumption of nuclear negotiations between the United States and Iran and has been recognized by the members of the Gulf Cooperation Council. The International Maritime Organization of the United Nations and the United States will participate in the official announcement of the agreement, with U.S. support for the agreement depending on the final details.