What is the Strait of Hormuz deal being negotiated between Iran and Oman?

Reports of a new understanding to allow safe transit in the Strait of Hormuz have increased this week, as Iran seeks to exert control and leverage amid peace talks with the US. Hassan Ghashghavi, spokesman for the Iranian parliament’s National Security and Foreign Policy Committee, said a general framework had been agreed with Oman, although Muscat hasn't commented. The final text and details…

thenationalnews.com ·2d ago

What is the Strait of Hormuz deal being negotiated between Iran and Oman?

The Strait of Hormuz deal being negotiated between Iran and Oman aims to formalise shipping administration through the strategic waterway, amid ongoing peace talks with the US. Under the proposed system, Iran would coordinate vessels entering the Arabian Gulf, while Oman would oversee those exiting. The key unresolved issue is fees, with Iran reportedly seeking charges equivalent to around 5% of cargo value, which the US has rejected.

The deal is intended to replace the current system, overseen by the International Maritime Organisation, which has been in place since 1968. Negotiations are still focused on the extent of authority and whether ships would pay fees for services.

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