Oman is poised to benefit from Iran's recent 10-point ceasefire proposal, which includes a unique provision allowing both Iran and Oman to levy transit fees on vessels passing through the Strait of Hormuz. This strategic waterway is crucial as it facilitates approximately one-fifth of global oil trade. The proposal grants Oman a central regulatory role, requiring ships to obtain permits from both Iran and Oman. This development elevates Oman's geopolitical influence while other Gulf nations, such as the UAE and Saudi Arabia, remain exposed due to their involvement in the conflict. The ceasefire, currently in effect for two weeks, aims to facilitate negotiations in Islamabad, Pakistan. Following the announcement, global oil prices fell over 13%, easing supply concerns as the prospect of reopening the strait emerged. Oman's long-standing position as a neutral intermediary in regional politics further strengthens its role in these negotiations.