Iran says it has reached a provisional shipping-route understanding with Oman for the Strait of Hormuz, with a joint statement still being drafted. Iran's deputy foreign minister says the arrangement is temporary (about 2-4 months) and does not mean the strait fully reopens. Brent sat near $79 a barrel on 5 August. For a Thai business, fuel and freight costs may ease only gradually; keep current fuel, shipping and energy cost assumptions in place and watch for a signed statement and actual ship traffic before repricing.