Iran mulls reopening Hormuz doors but T&C apply

Iran is preparing a list of conditions for reopening the Strait of Hormuz, according to Mohsen Rezaei, the secretary of the country's Supreme National Security Council. Rezaei stated that ending the regional conflict was one of the key conditions. Iran has reportedly agreed with Oman on a shipping corridor through the strait, with portions of the route situated in both Omani and Iranian waters.

Ships would utilize a designated central channel if the United States adheres to Iran's stipulations, as Rezaei explained in an Al Manar TV interview.

Earlier this week, a senior source revealed that Iran and Oman were still working on the specifics of an agreement concerning the waterway. The Revolutionary Guards have confirmed that both nations have reached an understanding on sharing control of the strait and its revenues. An official from the Guards stated that Iran would not permit the Strait of Hormuz to reopen unless Washington lifts the blockade on Iranian ports, compensates Iran, and removes sanctions.

Prior to the outbreak of the war in February, the Strait of Hormuz transported around one-fifth of global oil and liquefied natural gas shipments. However, shipping through the waterway has been largely halted since then. Ceasefire agreements announced by Washington and Tehran in April and June aimed to restore maritime traffic, but these efforts have not been successful.