Proposed resolution:

Change [iostream.objects]/1:

-2- The objects are constructed and the associations are established at some time prior to or during the first time an object of class ios_base::Init is constructed, and in any case before the body of main begins execution.²⁹⁰⁾ The objects are not destroyed during program execution.²⁹¹⁾ If a translation unit includes <iostream> or explicitly constructs an ios_base::Init object, these stream objects shall be constructed before dynamic initialization of non-local objects defined later in that translation unit, and these stream objects shall be destroyed after the destruction of dynamically initialized non-local objects defined later in that translation unit.