Iran nears agreement with Oman on Strait of Hormuz shipping lanes
Iran says talks with Oman on new shipping routes in the Strait of Hormuz are close to completion, but the waterway remains closed pending US action.
Key Takeaways
AIIran announced on Sunday that negotiations with Oman on opening new shipping lanes in the Strait of Hormuz have reached their final stages, but emphasized that the strait will remain closed until the United States meets other conditions set by Tehran.
The statement follows comments by a US official to Reuters on Friday, indicating that an agreement between Iran and Oman is imminent and could soon lead to the reopening of the strategic waterway.
The Strait of Hormuz previously handled about 20% of the world’s oil and liquefied natural gas shipments before Iran closed it in response to US and Israeli attacks.
Iran has not disclosed details of the conditions it is demanding from the United States as a prerequisite for reopening the strait to international shipping.