Iran Guards say agreed with Oman to share revenues from Strait of Hormuz

Iran's Revolutionary Guards have announced an agreement with Oman to share revenues from transit fees in the Strait of Hormuz. According to Guards spokesman Hossein Mohebi, negotiations with Oman resulted in agreements on each country's share of the strait's waters and revenues.

The US is reportedly obstructing work to finalise the deal, according to Mohebi. The agreement was reported by Malay Mail and FXStreet, with the latter also noting that a joint statement by the two countries' foreign ministries had discussed an "interim framework" for resuming ship transits but did not mention fees.

The Strait of Hormuz is a critical waterway through which a significant portion of the world's oil supplies pass, and tensions have been high in the region. The Times of India noted that the conflict has been ongoing for nearly six months with little progress towards a lasting diplomatic settlement.

Brief written by urgent.news from Malay Mail, FXStreet, Times of India, Semafor — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.