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Oman pledges no tolls on Strait of Hormuz after Trump threat: Bessent

By Estefano Gomez · Published May 28, 2026 · 2 min read · Source: Crypto Briefing
Blockchain

## Market Snapshot

In the “Iranian Demands Trump Will Agree To” market, the likelihood of a YES outcome has decreased due to recent developments. In the “Strait of Hormuz Ship Transit” market, the probability of a YES outcome has increased, with May 31 sub-market odds shifting from 53% to 17.5%.

## Key Takeaways

– Oman’s decision appears to decrease the probability of Trump agreeing to Iranian demands, as it weakens Iran’s leverage over transit fees. – The pledge from Oman suggests an increased likelihood of ship transit through the Strait of Hormuz, removing a potential barrier. – The news does not offer new insights regarding the scheduling of a US-Iran diplomatic meeting, indicating minimal impact in this area.

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## Article Body

Oman has pledged not to impose tolls on the Strait of Hormuz, following a threat from former U.S. President Donald Trump to “blow them up” if they did so. This development was announced by Treasury Secretary Scott Bessent, who confirmed that Oman will not support Iran’s intentions to levy transit fees. The Strait of Hormuz is a critical maritime chokepoint for global oil shipments, and any tolls could have significant implications for international trade. Oman’s stance effectively diminishes Iran’s leverage in its negotiations with the United States, particularly concerning demands related to transit fees and sanctions relief. This decision comes amid heightened tensions in the region, with both Iran and the U.S. engaging in strategic posturing.

## Market Interpretation

The news of Oman’s refusal to toll the Strait is consistent with a decreased likelihood of Trump agreeing to Iranian demands, suggesting a moderate impact on this market. Additionally, the removal of potential tolls is supportive of a YES outcome for ship transit through the Strait of Hormuz, indicating a high impact on that market. These developments reflect shifting dynamics in regional negotiations and logistical considerations.

## What to Watch

Observers should monitor any further diplomatic or military developments involving the Strait of Hormuz, particularly actions by Iran or statements from the U.S. government. The response from Iran regarding Oman’s decision could influence the broader geopolitical landscape. Additionally, watch for any changes in shipping activity reported by IMF Portwatch, which may further impact market expectations for ship transit through the Strait.

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Will Ships Transit The Strait Of Hormuz On Any Day May 31
Contract Odds Δ since publish Volume 24h
May 31 17.5% View market →
May 31 5.1% View market →
May 31 8.5% View market →
May 31 2.1% View market →
Where Will The Next Us Iran Diplomatic Meeting Happen 455
Contract Odds Δ since publish Volume 24h
June 30 27% View market →
June 30 1.5% View market →
June 30 6.8% View market →
June 30 1.6% View market →
June 30 0.4% View market →
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