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Iran and Oman Report Progress Toward Strait of Hormuz Accord

Iran and Oman Report Progress Toward Strait of Hormuz Accord
Iran And Oman Agree To Share Revenues From Strait Of Hormuz · NDTV

Iran and Oman are talking about how ships can safely travel through the Strait of Hormuz.

Iran’s Revolutionary Guards said the countries had agreed on how to divide control of the water and its revenues.

However, another senior Iranian official said the full agreement was not finished yet.

Oman said it hoped to help create a temporary route for ships.

Iran says the waterway will not fully reopen unless the United States meets several demands.

These demands include ending a blockade, removing sanctions, and paying compensation.

The United States has rejected Iran’s demand to charge ships for passing through the strait.

Many ships have stopped using the route, and some attacks have made travel dangerous.

The uncertainty has affected energy prices around the world.

Key facts

Agreement status
The Revolutionary Guards said acceptable arrangements had been reached, but a senior Iranian source said no final agreement had been finalized.
Revenue arrangement
Iran said negotiations covered each country’s share of the strait’s waters and revenues.
Temporary corridor
Oman’s foreign minister said he hoped to announce a temporary corridor and practical safe-navigation arrangements.
Iran’s conditions
Iran said reopening depended on ending the United States blockade, removing sanctions, and providing compensation.
Strategic importance
Before the war, the strait carried about one-fifth of global oil and liquefied natural gas shipments.
Shipping disruption
Most shipping has been shut down, and continuing attacks have made passage perilous.
Blacklist
Iran announced a blacklist of 45 ships in an apparent effort to stop ship-to-ship transfers used to evade its blockade.

Quotes

Hossein Mohebbi

Spokesperson for Iran’s Islamic Revolutionary Guard Corps

“The Strait of Hormuz belongs to Iran and the country of Oman… We have been in negotiations with Oman for about a month, and we have reached results that are acceptable to both sides”
theprint.in
“During negotiations with Oman, some agreements were made regarding each country's share of the waters of the Strait and Iran's and Oman's shares of its revenues.”
NDTV

Senior Iranian source

Unnamed senior Iranian official familiar with the negotiations

“hopeful we will soon announce a temporary corridor for the Strait of Hormuz and practical arrangements to restore safe navigation”
theprint.in
“An agreement with Oman over the Strait of Hormuz has not been finalised”
theprint.in

Sources

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