Will Iran and Oman jointly control traffic in the Strait of Hormuz?

Iran is finalizing a deal with Oman to jointly control the Strait of Hormuz, which may include a toll. President Trump asserts the waterway is currently open as logistics are discussed. However, experts suggest Trump must compromise to fully reopen the economically vital strait. This occurs five months into a war launched with Israel, amid dwindling U.S. weapon stockpiles and a sluggish economy, while Trump avoids any perception of being a loser in these negotiations.