Iran, Oman agree on temporary maritime corridor in Strait of Hormuz

Iran and Oman have agreed to establish a temporary maritime corridor in the Strait of Hormuz, according to a meeting between Iranian Foreign Minister Abbas Araghchi and Oman’s Foreign Minister Sayyid Badr Albusaidi in Tehran, as reported by the Daily Times. The two sides also discussed a joint plan to clear mines from the strategic waterway.

The Strait of Hormuz has been blocked, with Iran saying it will remain closed to all military vessels until the US ends hostilities, and warning of economic retaliation against US sanctions, according to Ajel English. The US has announced fresh sanctions aimed at pressuring Iran into submission, with Treasury Secretary Scott Bessent saying the objective is to sever every economic lifeline that sustains the Iranian regime, as reported by CBS News.

Oil prices have dropped about 2% on hopes that the Strait of Hormuz could reopen after Iran said it had resumed talks with Oman on managing the strategic waterway, according to Adom Online. Iran and Oman are approaching a deal to secure safe transit through the Strait of Hormuz and its future administration, CNBC reports.

Brief written by urgent.news from Daily Times, Ajel English, CBS News, CNBC, Adom Online — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.