3 weeks ago

Iran, Oman Close to Hormuz Shipping Deal; Aramco Fire Extinguished

Iran, Oman Close to Hormuz Shipping Deal; Aramco Fire Extinguished
US-Iran War Live Updates: Iran-Oman near Hormuz route deal, fire extinguished at Saudi Aramco facility · CNBC TV 18

Iran and Oman are working on a deal to let ships use a very important waterway called the Strait of Hormuz.

Many ships carrying oil for the whole world travel through this waterway.

Because of a war between the United States and Iran, the waterway is mostly closed.

The deal would give Iran the job of checking ships that come in and go out.

But Iran says the deal alone will not fully reopen the waterway.

Iran wants the US to stop fighting, remove sanctions, and pay for war damage first.

Iran's military, the Revolutionary Guard, says reopening the strait is not part of the talks with Oman.

In another place, firefighters put out a fire at an oil facility owned by Saudi Aramco in Jizan.

That facility was already shut down after an attack weeks earlier.

So even if the deal happens, shipping may stay limited for a while.

Key facts

Conflict
US-Iran war
Diplomatic development
Iran and Oman near a temporary shipping-route agreement through the Strait of Hormuz
Iran's conditions for full reopening
US halts military action, lifts sanctions, and pays compensation for war damage
Revolutionary Guard stance
Strait reopening is not tied to the Oman negotiations
Fire location
Saudi Aramco facility in Jizan
Refinery capacity
400,000 barrels per day
Fire status
Extinguished; refinery shut since Houthi attack weeks earlier

Sources

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