Iran says deal on Strait of Hormuz is close but is not enough to open the waterway

Iran and Oman are close to an agreement on managing shipping through the Strait of Hormuz, but Iran says this deal will not be enough to reopen the waterway. According to Iranian Foreign Minister Abbas Araqchi, the agreement with Oman is near, but reopening the strait depends on additional conditions, including compensation from the United States.

The Strait of Hormuz is a critical global energy route that carried about a fifth of the world's oil and gas shipments before the conflict began. Since the war between the US, Israel, and Iran started on February 28, Iran has restricted the strait, and there have been several attacks on vessels, including those affiliated with Abu Dhabi's state-owned oil company ADNOC.

The UAE Foreign Ministry reported that Iran fired a missile at a vessel affiliated with ADNOC while it was transiting the Strait of Hormuz, but no casualties were reported.

The US is holding direct talks with Tehran to maximize oil and gas flows through the strait, with US Vice President JD Vance saying that Washington is assessing whether Iran will make long-term changes that could improve relations. ADNOC reported that more than a dozen of its vessels have been attacked by missiles and drones while passing through the strait, resulting in one crew member killed and 20 wounded.

Brief written by urgent.news from Al-Monitor, Middle East Eye, Live Mint, The Hill, South China Morning Post — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.