Iran says deal on the Strait of Hormuz is close but will not open the waterway by itself, although normal oil traffic to resume
Iran and Oman are nearing a deal regarding control of the Strait of Hormuz, though Iran maintains that full reopening depends on broader conditions including U.S. compensation. Meanwhile, tensions remain high as the UAE reports a new missile attack on a tanker in the waterway.
Why it matters
The Strait of Hormuz is a critical global energy chokepoint, and ongoing conflict there threatens international oil supply chains.
CAIRO/WASHINGTON/RIYADH (Reuters): Iran said on Saturday that a deal with Oman on control of the Strait of Hormuz was close but would not be enough to free up the waterway, and the United Arab Emirates said Iran had hit another ship there.
A U.S. official, who declined to be identified, said on Friday that Washington anticipated an agreement soon between Iran and Oman, which sit on either side of the strait, so that normal oil traffic could resume.
Agreement between the two countries over control of the strategic waterway is seen as crucial to a wider agreement to end the conflict that began with U.S. and Israeli attacks on Iran on February 28.
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