According to CoinMeta, as reported by axios, the United States, Iran, and Oman are close to reaching a temporary passage agreement for the Strait of Hormuz, with the details expected to be announced as early as Wednesday. The agreement will last for 60 days and stipulates that vessels entering the Persian Gulf should use the northern route through Iranian waters, while those leaving should use the southern route through Omanian waters. No tolls will be charged during this period, and all parties will clear the mines in the central channel of the strait within 30 days. U.S. special envoy Steve Witkoff, Iranian Foreign Minister Abbas Araghchi, and Omanian Foreign Ministers Badr Al to Busaidi have engaged in multiple rounds of communication recently, with Iran completing the approval process on Tuesday.