Iran foreign ministry says close to deal with Oman on Hormuz route
Iran is reportedly nearing a deal with Oman regarding a new maritime route through the Strait of Hormuz. This development follows a period of heightened tensions and diplomatic efforts to avoid military escalation between Iran and the United States.
Why it matters
The Strait of Hormuz is a vital global energy chokepoint; stability here is essential for international oil markets.
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TEHRAN: Iran on Sunday said it was nearing a deal with Oman over a new route through the Strait of Hormuz, hours after the US called off major strikes to allow for diplomacy.<br />
US President Donald Trump said on Saturday that his country and Israel had agreed to hold off on new strikes on Iran, saying the “perimeters” of a deal were there.<br />
The foes have been at war since February 28, when the US and Israel launched surprise strikes against Iran, though months of on-off diplomacy have led to periods of relative calm.<br />
Following a return to strikes last month, fears had mounted that the fighting could escalate once again. Trump had threatened to hit Iran “very hard” and was reportedly considering renewed attacks including against energy infrastructure, with US embassies across the region on alert.<br />
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