3 weeks ago

Iran-Oman Hormuz Deal in Final Stage; Trump Says Announcement Near

Iran-Oman Hormuz Deal in Final Stage; Trump Says Announcement Near
Iran Seeks to Bar US Ships as Hormuz Deal With Oman Advances · livemint.com

The Strait of Hormuz is a narrow waterway where many ships carry oil and gas for the whole world.

Because of a war, Iran stopped many ships from passing through, and prices went up everywhere.

Now Iran and a neighboring country called Oman are writing a plan to let ships through again.

President Trump says an announcement could come very soon, maybe tomorrow.

But Iranian negotiators say the plan is not finished and small problems could make it fall apart.

One big question is who will be in charge of the waterway, because the US does not want Iran to control it or charge ships money.

Iran also wants to keep American and Israeli ships out and charge other ships a fee for guarding them, while the US wants no fees at all.

The plan also needs a final yes from Iran's top leader, who has been hard to reach.

Meanwhile, other groups in the region are causing trouble for ships, and the United Nations says everyone should solve this by talking.

Key facts

War start date
February 28, when the US and Israel launched military operations against Iran
Deal status
'Final stage' of drafting; text under review in Iran's parliament; awaiting Supreme Leader approval
Strait significance
Previously carried around one-fifth of the world's oil and liquefied natural gas shipments
Proposed route
Inbound shipping under Iranian control; reports differ on outbound oversight, with legs passing through Iranian and Omani territorial waters
Proposed fees
Iran seeks 5-7% of cargo value; Oman proposes about 3%; US wants no transit fees
US stance
Insists on free transit with no approvals, permissions, tolls or charges; opposes any arrangement giving Iran control
Reported deaths
Iran reports more than 3,400 deaths since the war began; US reports 18 military personnel dead
Oil price
Brent crude around $80 per barrel on Wednesday, above $82 on Thursday

Quotes

President Donald Trump

U.S. President

“"I'd rather make a deal because I don't want to kill people. I do not want to kill people, but at some point we're gonna," he said.”
businesstoday.in
“"It could happen. Tomorrow or the next day. A lot of progress has been made."”
livemint.com NDTV

Unnamed Iranian source

Senior Iranian official quoted by Reuters

“"It is designed in such a way that commercial ships will pass through Iranian territorial waters, both on the inbound and outbound legs of their journey."”
livemint.com
“"The devil is in the details. A single tweet from Trump could cause the whole thing to collapse."”
livemint.com

Sources

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