Ultimate Bet Pot-Limit Omaha High, $.50 BB (6 handed) Ultimate Bet Converter Tool from FlopTurnRiver.com (Format: FCP)

MP ($51.50)
CO ($50)
Hero ($43.90)
SB ($72.45)
BB ($116.15)
UTG ($73.25)

Preflop: Hero is Button with J , 6 , 9 , 8 .
1 fold, CO calls $0.50, Hero calls $0.50, SB completes, BB checks.

I was about to fold this hand preflop, but decided I could play it limped IP.

Flop: ($2) T , 7 , 6 (5 players)
SB bets $2.5, BB calls $2.50, UTG calls $2.50, CO raises to $15, Hero calls $15, SB calls $12.50, BB folds, UTG folds.

So I flop the nut str8 with a couple of nut redraws. My plan is to just call and pot a safe turn - too passive?
CO goes nuts and I call. This is not one of those Omaha situations where it is correct to fold the nuts on the flop right?
What if I had no redraws? Then I should fold right.

Turn: ($52) 4 (3 players)
SB checks, CO bets $34.5 (All-In), Hero calls $28.40 (All-In), SB calls $28.40 (All-In).

I don't mind this card, so we set it all in. Not thrilled with the second flush draw, but I'm still a favourite (I think).

OK?

Fold pf. I would probably raise it though.

Don't think you are a favorite. Think you are splitting at least one way if not two plus getting freerolled.

As played you are still not going to be happy with half of the deck on the river, but folding the turn would be bad imo.

I'll take "raise the flop" for $50 alex.

The J in your hand is good for a redraw. If you can push out the clubs and get it in with CO (if he's got same straight and no clubs) then it's a free shot at a big pot.

This too

Flat call is probably the worst play on flop. If they both have the same straight then our redraw is pretty worthless.

I think folding and pushing are close.

CO most likely has the same straight as us, and if sb has the nut flush draw or a set, he has odds to continue anyway whether we call or push. In either case, our equity in the pot is no more than 33%, so pushing would be a mistake. The only advantage is that you may make sb fold a non-nut flush draw or bottom set, but this does not seem likely enough. He may just fold anyway, and CO could have a flush draw himself.
It's a tough hand, and I don't really mind the way you played it. Folding the flop would be reasonable if you are not in the mood to gamble.

Flat call if it came around at $2.50? Or my call of the $15 pot bet?

I don't mind flat calling $2.50 because repotting that bet won't allow us defend our hand against sets and FD.

Without reading responses:

PF is fine OTB.

I think with a bet and a raise on the flop this might be the best case to fold the nuts on the flop. It seems at best we are splitting with only redraws to 2 8s and 3 9s.

I don't hate a flat call with shove on blank turn but I think its not likely the favorite.