Key facts
- Iran's ambassador to Moscow stated the Strait of Hormuz will remain open with new conditions and transit fees set by Iran and Oman.
- Yemen's Iran-aligned Houthis banned Israeli maritime navigation in the Red Sea.
- Houthi attacks on Red Sea shipping have previously led major companies to divert routes.
- Oil and LNG flows through the Strait of Hormuz have been constrained due to ongoing tensions.
- The U.S. has warned Oman against participating in any effort to impose tolls on ships using the strait.
Iran's ambassador to Moscow, Kazem Jalali, stated that the Strait of Hormuz will remain open but under new conditions and transit fees to be determined by Iranian and Omani authorities. This announcement follows a period of reduced oil and liquefied natural gas flows through the vital waterway, which previously handled one-fifth of the world's oil, amid ongoing tensions.