Iran And Oman Agree To Share Revenues From Strait Of Hormuz
Iran and Oman, both coastal states on the strait, have for weeks been discussing the future of navigation through the waterway, with Tehran saying the geographical coordinates of a route envisaged by the two countries "have been agreed upon".
Iran and Oman are in talks to establish a temporary joint shipping route through the Strait of Hormuz and to clear mines from the critical oil export corridor, according to reports. Oman's Foreign Minister, Sayyid Badr bin Hamad Albusaidi, expressed hope that a corridor through Hormuz and "practical arrangements to restore safe navigation" will be announced soon.
The discussions come a day after Treasury Secretary Scott Bessent announced that the U.S. will sanction any entity doing business with Iran. The talks are under a provision in the memorandum of understanding signed by Washington and Tehran on June 17, but the MOU quickly collapsed amid tensions between the U.S. and Iran. The U.S. military currently protects ships using a southern route along Oman's coast, and an oil tanker was recently struck near Oman, highlighting the ongoing security concerns in the region.
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- Iran and Oman Discuss Joint Shipping Route In Strait of Hormuz And Mine Clearing Mission hellenicshippingnews.com
