Attention focuses on a proposed Iran-Oman agreement intended to conclude the US-Iran conflict and reduce major shipping interruptions in the Strait of Hormuz. Enforcement timing stays uncertain as details emerge. Iran’s Foreign Ministry spokesperson stated the pact with Oman is in final drafting stages. The two nations have agreed on coordinates for a new central corridor. A joint statement may follow unless external parties intervene. The Strait remains vital for global energy transport, with roughly one-fifth of traded oil and gas previously passing through before recent hostilities. The framework would phase out northern and southern lanes, directing all traffic via a central route after a transition period. Inbound vessels would use the lane nearer Iran while outbound ones use the lane nearer Oman. Iran would manage incoming traffic and both nations would oversee outgoing movements. Services such as insurance and refueling would incur fees instead of cargo-value percentages. A temporary ban on Israel-linked cargo is under discussion. The arrangement would run for 60 days initially, though extensions to several months are possible. Iran insists on exclusive bilateral control without outside involvement. The plan requires approval from Iran’s Supreme Leader. Full reopening hinges on changes in US policy, including ending the naval blockade, easing oil sanctions, and resuming talks on frozen assets. Officials noted the framework offers a new management model rather than immediate unrestricted access.
