Iran and Oman move closer on 'future administration' of Strait of Hormuz. Tolls are in the mix. - Yahoo Finance
Iran and Oman are advancing negotiations regarding the administration and potential toll collection in the Strait of Hormuz. These developments have drawn threats from the Trump administration, which is currently enforcing a blockade and sanctions against Iran.
Why it matters
The Strait of Hormuz is a vital global shipping artery; any change in its administration or the imposition of tolls could significantly impact global energy prices and regional security.
Iran and Oman move closer on 'future administration' of Strait of Hormuz. Tolls are in the mix. Ben Werschkul · Washington Correspondent Thu, August 27, 2026 at 10:32 AM EDT 4 min read Iran and Oman — the two nations that abut the Strait of Hormuz — met this week and announced new progress toward a "permanent navigational corridor and future administration" of the crucial waterway.
Iran went further, claiming the sides have reached a revenue-sharing agreement on future tolls.
The developments could be new flashpoints with President Trump, who made threats in response to the ongoing talks, including a pledge to bomb Oman if that country "gets in the way."
Meanwhile, immediate effects on shipping levels in the strait are unlikely. The latest update from ship tracking service Kpler shows that transits "remain subdued," with just five crossings on Tuesday, all of them through Iran's preferred route.
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