Iranian Foreign Minister Abbas Araghchi stated that Iran and Oman are nearing an agreement on a temporary shipping corridor through the Strait of Hormuz. President Masoud Pezeshkian emphasized addressing violations within any agreement.
The potential reopening of the Strait of Hormuz, a critical chokepoint for global oil supply, could significantly impact energy markets and de-escalate regional tensions following a prolonged conflict between the US and Iran.
Iranian Foreign Minister Abbas Araghchi announced that Iran and Oman are "very close" to finalizing an agreement on a temporary shipping corridor through the Strait of Hormuz. Araghchi stated during a press conference in Tehran that while progress has been made, certain conditions remain, including compensation for what Iran considers US violations of a previous memorandum of understanding. He also indicated that Tehran will no longer accept the existing traffic separation scheme in the Strait.
Iranian President Masoud Pezeshkian, speaking at the same press conference, commented on the management of the Hormuz crisis, suggesting that a dedicated team should be formed to address any violations of agreements, rather than focusing solely on conflict.
Adding to the complexity, Iran's Islamic Revolutionary Guard Corps (IRGC) stated that the reopening of the Strait of Hormuz is not directly linked to the negotiations between Iran and Oman. According to the IRGC spokesperson Hossein Mohebbi, the reopening is conditional on the United States accepting Iran's terms.
Earlier, a US official had reported that the progress made between Iran and Oman could soon lead to the reopening of the Strait of Hormuz, potentially allowing for the resumption of oil exports that have been disrupted by the ongoing five-month-old US war with Iran.