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Iran and Oman negotiate Strait of Hormuz deal
The article discusses Iran and Oman’s efforts to reach an agreement regarding the Strait of Hormuz. A senior Iranian official indicated that the two parties are working out details related to their shares of the waterway and its revenues, following the Iranian Revolutionary Guard's announcement of an understanding on how to divide the waters and their benefits. This comes amid a halt in shipping traffic through the strait since the start of the conflict in February, which has led to a spike in global energy prices. Both Iran and the United States are attempting to exert control over the passage. The Revolutionary Guard spokesperson affirmed that the strait belongs to Iran and Oman, and that negotiations are focused on their respective shares of the waters and revenues, with discussions ongoing over the finer details. Meanwhile, Oman’s foreign minister expressed hopefuls for announcing a temporary passage soon to restore safe navigation.
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