Officials report progress on a deal to reopen the Strait of Hormuz
Iran and Oman are negotiating a potential deal to reopen the Strait of Hormuz, which would involve designated transit routes and service fees. The agreement remains sensitive due to ongoing tensions and a U.S. blockade on Iranian ports.
Why it matters
The Strait of Hormuz is a vital global shipping lane; any change in its control or status significantly impacts global oil prices and Middle Eastern geopolitical stability.
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CAIRO (AP) — Iran and the Gulf Arab state of Oman have made progress toward a deal to reopen the Strait of Hormuz , a potential breakthrough that could help wind down the war in the Middle East , regional officials said Tuesday.
Under the emerging agreement, ships would enter the Persian Gulf through an Iranian-controlled route and exit through a route controlled by Oman, with service fees charged for providing security and preserving the maritime environment, two regional officials told The Associated Press.
They said negotiations are still underway and that the final agreement could take a different form, with any deal linked to lifting the U.S. blockade on Iran’s ports. The officials spoke on condition of anonymity to discuss the sensitive negotiations unfolding behind closed doors.
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