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Oil markets are shifting from diplomatic headlines to implementation risk. With no final Iran-Oman arrangement on Hormuz transit, Brent nearing $84/bbl and WTI reaching $78.50 reflect a market still pricing uncertainty around a critical shipping route. The Houthi claim of an attack near the Red Sea adds another layer of supply concern, while U.S. officials describe continued economic pressure as preferable to new military action for now. My read: talks alone may offer limited relief; a durable easing of the risk premium likely requires transit terms to take effect. Further delay could keep oil and shipping costs sensitive to each new escalation. NFA. #HormuzDealStillPending #OKXOrbit