All NewsEducationTV
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
Story archiveAll categories
← All Stories

Iran and Oman discuss Hormuz shipping control plan amid US blockade

Created at 4 Aug · 9:46 AM2 sources↑ Market-relevant2 events
IN SHORT

Iran and Oman are reportedly discussing a plan that would grant Tehran full control over inbound shipping in the Strait of Hormuz, with Oman clearing outbound vessels. This comes as Iraqi crude tankers passed through the strait amid a US blockade of Iranian ports.

✉Newsletter

PiQ Daily

Pick your topics. Get only what matters, on your cadence.

Key Numbers

1.4 million barrels per dayChina's Iranian crude imports last year
10.4 million barrels per dayChina's total seaborne crude imports last year
250,000 barrelsmethanol carried by Rich Starry tanker

Who's Involved

Iraqi state media
reported on tankers passing through Strait of Hormuz
Donald Trump
US President who announced blockade of Iranian ports
Peace Gulf
Panama-flagged tanker heading to UAE
Murlikishan
Handy tanker heading to Iraq
Rich Starry
US-sanctioned tanker exiting the Gulf
Shanghai Xuanrun Shipping Co Ltd
Owner of Rich Starry, sanctioned by US for dealing with Iran
Guo Jiakun
Chinese Ministry of Foreign Affairs spokesman
Malik Traina
Al Jazeera correspondent reporting from Kuwait City
Iran and Oman discuss Hormuz shipping control plan amid US blockade

↳ Why This Matters

The discussions between Iran and Oman over control of the Strait of Hormuz, coupled with Iraqi tankers transiting the waterway amid a US blockade, highlight the escalating geopolitical tensions in the Persian Gulf and their potential impact on global energy supply routes.

Key facts

  • Iraqi crude oil tankers have passed through the Strait of Hormuz.
  • The US has imposed a blockade on ships calling at Iranian ports.
  • Iran and Oman are discussing a plan for shared control of shipping routes in the Strait of Hormuz.
  • The US blockade was announced after peace talks between the US and Iran failed.
  • China has criticized the US blockade as 'dangerous and irresponsible'.

Iraqi state media reported that tankers carrying crude oil have passed through the Strait of Hormuz, a critical chokepoint for global energy shipments. This development occurs as the United States has implemented a blockade on ships calling at Iranian ports, following the failure of recent peace talks between the US and Iran. At least three vessels, including two tankers sanctioned by the United States, entered the Gulf through the Strait of Hormuz on Tuesday, the first full day of the US blockade. These vessels were not heading to Iranian ports and were therefore not impacted by the blockade. The Panama-flagged Peace Gulf is en route to Hamriyah port in the United Arab Emirates. The Handy tanker Murlikishan is heading to Iraq to load fuel oil. Another sanctioned tanker, Rich Starry, owned by Shanghai Xuanrun Shipping Co Ltd, is reportedly the first to exit the Gulf since the blockade began, carrying approximately 250,000 barrels of methanol.

US President Donald Trump announced the blockade on Sunday after peace talks in Pakistan’s capital, Islamabad, failed to yield an agreement. Prior to the blockade, Iran had significantly disrupted traffic through the Strait of Hormuz in response to US-Israeli attacks on its territory. This disruption had caused global gas and petrol prices to surge. Washington's aim with the blockade is to curtail Tehran's control over the strait and prevent Iranian tankers from transiting.

Al Jazeera’s Malik Traina reported from Kuwait City that the situation complicates passage for commercial vessels, requiring permission from both Iran and the US. He noted a significant risk of escalation if Iranian vessels are stopped, potentially leading Iran to retaliate by blocking other vessels. The Chinese Ministry of Foreign Affairs spokesman, Guo Jiakun, stated that the US blockade would exacerbate tensions and undermine the ceasefire agreement, calling it 'dangerous and irresponsible behavior.' China relies heavily on Middle Eastern oil, with a substantial portion of its imports coming from Iran.

Meanwhile, Iran and Oman are discussing a plan that would give Tehran full control over inbound shipping in the Strait of Hormuz, with Oman clearing ships for exit after notifying Iran, according to a senior Iranian source. This plan would give Iran visibility over outbound traffic, with the possibility to intervene if necessary, and Tehran is unlikely to accept any other alternative to reopen the Strait.

Frequently asked questions

The Strait of Hormuz is a narrow waterway connecting the Persian Gulf to the Gulf of Oman. It is a critical chokepoint for global oil transportation, with approximately one-fifth of the world's total oil consumption passing through it annually.

The US announced a blockade of Iranian ports following the failure of recent peace talks between the US and Iran, and in response to Iran's disruption of traffic through the Strait of Hormuz.

At least three vessels, including two US-sanctioned tankers named Murlikishan and Rich Starry, transited the Strait of Hormuz. The Peace Gulf, a Panama-flagged tanker, is also heading to the UAE.

China has criticized the US blockade as 'dangerous and irresponsible,' stating that it will exacerbate tensions and undermine the fragile ceasefire agreement.

What Happens Next

01Prospects for a diplomatic breakthrough remain.
02Pakistan is ready to host further peace talks.

Get the newsletter.

Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

Cadence

How It Developed

Iraqi state media reported that tankers carrying crude oil have passed through the Strait of Hormuz.
The US announced a blockade of Iranian ports following the failure of recent peace talks between the US and Iran.
At least three vessels, including two US-sanctioned tankers, transited the Strait of Hormuz.
Iran and Oman are discussing a plan to split control of Hormuz shipping routes, with Iran overseeing inbound traffic and Oman clearing outbound ships.
China criticized the US blockade as 'dangerous and irresponsible'.

Sources

T1
Tankers carrying Iraqi crude have passed through Strait of HormuzMiddle East Eye
T1
Iran and Oman discussing plan to split control of Hormuz shipping routesMiddle East Eye
T2
Sanctioned tankers transit Strait of Hormuz amid US blockade | US-Israel war on Iran News | Al Jazeeraaljazeera.com
T2
Strait of Hormuz - Tanker Warstrausscenter.org

Related Stories

Saudi Tankers Go Dark to Evade Houthi Threats in Bab el-Mandeb
3 Aug · 1:11 PM
Cargo ship hit by projectile off Oman; crew abandons vessel
4 Aug · 1:11 AM
Iran warns US of 'serious risks' amid Strait of Hormuz blockade
3 Aug · 7:26 PM
Middle East oil tanker threats at worst since Iran war, analysts warn
3 Aug · 3:56 PM
Sailors Trapped in Persian Gulf Amid Iran War
4 Aug · 4:16 AM