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The Iranian Revolutionary Guard announced that the United States is obstructing an agreement between Iran and Oman to establish a temporary and secure shipping corridor through the Strait of Hormuz, which includes quotas for each party and joint management of the strait. They explained that the strait will remain closed if Washington does not agree to Iran's terms, as Iran and Oman are seeking to reach a permanent agreement and sustainable management of the passage. Additionally, oil prices have fallen significantly, with Brent crude dropping below $90 per barrel, amid reports of potential negotiations regarding a ceasefire around the strait, though this has not been officially confirmed. Tensions between Iran and the United States are escalating regarding the safety of the strait and global oil trading, with US sanctions intensifying and warnings of possible responses from China.
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