# Hormuz Endgame: Oil Flow and Control

> Iran and Oman negotiate a shared strait control after Trump's economic pressure.
- Title: Hormuz Endgame: Oil Flow and Control · Foreign Policy
- Summary: Iran and Oman negotiate a shared strait control after Trump's economic pressure.
- Keywords: strait of hormuz, iran, oman, oil, trump administration, economic pressure, naval blockade, iranian trade, Foreign Policy
- Source: Foreign Policy — https://foreignpolicy.com/2026/11/11/strait-hormuz-endgame-iran-trump-control-oman-war-shipping-oil
- Author: Keith Johnson
- Read time: 1 min
- Topics: strait of hormuz, iran, oman, oil, trump administration, economic pressure, naval blockade, iranian trade
## Strait of Hormuz Control
The strait of hormuz saw 20 percent of global seaborne oil exports before the war.
## Trump's Economic Pressure
Trump parked the military option despite threats to reignite hostilities with Iran.
## Double-Whammy Strategy
Operation Economic Outcast and Iron Gate will bend iran to the administration's will.
## Current Strait Status
The strait has been closed for much of the year with oil flows returning to prewar levels.
## Oil Price Impact
Oil prices dropped from $114 a barrel to the low $90s despite continued strikes.
## Iran's Strategic Asset
Iran's chokehold over the strait is a declining asset with limited strategic value.
## Kraska's Hormuz Declaration
Kraska proposes a joint management framework for iran and oman with major powers.
## Postwar Navigation
Ships would pass through the strait center without threats or tariffs.
## Iran's Tollbooth Plan
Iran plans a tollbooth charging millions per tanker to generate revenue.
## Iran's Economic Strain
Iran faces 140 percent annual inflation and import shortages.
## Postwar Compliance Issues
Iran insists on compliance with conditions including end to naval blockade.
## U.S. Stance on Iran
The u.s. will not grant iran veto power over strait management.
## Short-Term Outlook
Oil prices remain above $90 a barrel with no final resolution expected.
## Long-Term Uncertainty
The new normal may be a war-not-war scenario with no final resolution.
## Key takeaway

Iran and Oman will jointly manage the Strait of Hormuz to prevent oil blockades while maintaining economic pressure on Tehran.