Iran and Oman still working on Strait of Hormuz accord, says senior Iranian source
DUBAI — Iran and Oman are still working on the details of an agreement on the Strait of Hormuz, a senior Iranian source said on Wednesday, after Iran's Revolutionary Guards said the two countries had agreed how to share the waterway and its revenues. The elite force's spokesperson, echoing Tehran's official stance, also said the strait would not open unless the U.S. met Tehran's conditions under…
DUBAI — Iran and Oman are still working on finalizing the details of a potential agreement regarding the Strait of Hormuz, according to a senior Iranian source. The Revolutionary Guards spokesperson reiterated Iran's official stance, stating that the two nations had agreed to share the waterway and its revenues, but emphasized that the strait would remain closed until the U.S. met Iran's conditions under the interim ceasefire agreement signed in June.
These conditions include the removal of the U.S. blockade on Iranian ports, compensation, and the lifting of sanctions. Iran and Oman have been engaged in intermittent talks for weeks about regulating traffic through the strait, which previously handled a fifth of global oil and liquefied natural gas shipments before the February conflict erupted.
Since then, most shipping has been halted, causing global energy prices to soar. However, the senior Iranian source clarified that no final agreement has been reached between Iran and Oman regarding the Strait of Hormuz.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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