Iran and Oman nearing Strait deal
Iran and Oman are approaching an agreement to fully open the Strait of Hormuz to shipping traffic, allowing vessels coming from the Indian Ocean to pass through Iranian territorial waters, while ships leaving the Persian Gulf follow a parallel route near the Omani coast. The goal is to organize their passage to ensure the continued flow of global oil, which accounts for 5% of worldwide production during peacetime. An American official confirmed that the agreement would not include imposing fees or having Tehran determine ship routes. Meanwhile, Iran linked the continuation of the transit system to its stance on the American blockade and aggression. Oman’s organization emphasized its cooperation with all parties to ensure the freedom of navigation in a legal and safe manner.
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