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2026-08-06T16:46:37.211Z

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Imminent 60-day Hormuz Deal

Imminent 60-day Hormuz Deal

Reports indicate that a deal between Oman and Iran is imminent regarding the Strait of Hormuz, aimed at reopening this vital waterway for 60 days without imposing transit or service charges on vessels. The agreement seeks to break the deadlock in negotiations between Washington and Tehran. An announcement is expected within days, following approval by Iran’s Supreme National Security Council. The deal includes a return by the United States and Iran to the memorandum of understanding signed in June, with possible regional parties involved in demining the strait. The goal of the agreement is to enhance navigation and reduce tensions in the region.

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