Hormuz deal ‘close’: What’s the latest on each side’s positions?
Iran and Oman are reportedly close to finalizing a deal to reopen the Strait of Hormuz, a critical waterway for global oil and LNG supplies. The agreement, which involves establishing agreed-upon shipping routes, is described by Iran as being in the final drafting stage, pending a joint statement. However, US officials state they will not accept any arrangement that places Iran in control of the strait, emphasizing that any temporary routes should not require permits or fees. While Iran claims negotiations are solely with Oman and insists the US naval blockade must be lifted for the strait to reopen, the US rejects Iranian control over traffic. This deal does not signify an end to broader tensions between Iran and the US.