Hormuz talks positive, Oman says, as Iran warns deal would not open strait

Positive discussions are underway between Oman and Iran regarding an agreement to ensure a shipping route through the Strait of Hormuz, according to Oman's foreign ministry. Iranian Foreign Minister Abbas Araghchi stated that talks are nearing their final stages, but the reopening of the strait depends on other conditions that have yet to be met.

Tehran has blocked the waterway, through which a fifth of the world's oil and natural gas typically flow, since the US and Israel initiated attacks in February. The discussions have centered on a potential deal between Iran and Oman to establish a new route through the strait, with both sides assuming responsibility for it. However, Araghchi noted that a full reopening of the normally busy maritime route hinges on Iran receiving compensation from the US for alleged violations of a June deal aimed at ending the war and advancing negotiations.

The US and Iran have been engaged in a cycle of tit-for-tat attacks since the initial deal fell through. Iran's security chief, Mohammad Baqer Zolqadr, reiterated that the Strait of Hormuz would not reopen until the US addresses six demands, including halting threats against Iran, lifting its naval blockade of Iranian ports, and releasing frozen Iranian assets.

Meanwhile, the UAE reported that Iran had targeted an Adnoc-affiliated tanker with a missile as it passed through the strait, though no casualties were reported. The UK Maritime Trade Operations agency also confirmed a ship was struck by an unknown projectile off Oman's coast, resulting in a fire that has been extinguished, though casualties remain unclear.