Iran says Strait of Hormuz deal 'close' but reopening depends on other conditions

Iran and Oman are reportedly nearing an agreement on a new shipping route through the Strait of Hormuz, according to Iranian Foreign Minister Abbas Araghchi. However, Araghchi stated that the deal depends on several conditions, including compensation for US violations of the Islamabad memorandum of understanding and ending US threats against Iran.

The nation's top security official, Mohammad Baqer Zolqadr, added that Iran also demands the lifting of a blockade and sanctions on the country, as well as freeing Iranian assets. President Masoud Pezeshkian, a more moderate leader, expressed optimism about the prospects for an agreement, citing unity and strength within Iran. Meanwhile, Oman condemned repeated attacks on vessels transiting the strait, without assigning blame, and said negotiations with Iran on shipping arrangements were positive and constructive.

The United States anticipates an agreement soon between Iran and Oman to resume normal oil traffic. The UAE has accused Iran of acts of piracy in an attack on a vessel linked to its state oil company, though no injuries were reported. The US has frequently hinted at a deal to open the strait, but Iran has denied ongoing talks.