Hormuz Diplomacy: US Treasury chief Scott Bessent says a deal with Iran to reopen the Strait of Hormuz could come “today or tomorrow,” aiming for “freedom of movement,” while Iran denies direct talks and says discussions are only with Oman; Qatar and Oman/Pakistan mediators report progress but no finality yet. Shipping Disruption: Despite optimism, the strait remains effectively blocked and a cargo ship was reportedly hit by a projectile near Oman as negotiations continue. Iran-Oman Route Plan: A reported emerging arrangement would route ships into the Persian Gulf via an Iranian-controlled lane and out via an Oman-controlled lane, with service fees tied to security and environmental protection, and any deal linked to lifting the US port blockade. Energy Shock & Profits: Big oil keeps posting record gains as the war disrupts markets; Aramco’s profit jumped and BP was slammed over “price shock profiteering,” while Trump pressures Exxon and Chevron to cut prices. US Military Strain: Reuters reports the US Army has used “virtually all” long-range precision missiles (ATACMS/PrSM), raising readiness concerns. Humanitarian/Local Impact: UN experts warn of worsening repression of Iran’s Baha’is, while an explosion at an industrial park near Tehran injured 18.