Iran and Oman drafting protocol to 'monitor' Hormuz Strait traffic: IRNA
Kazem Gharibabadi said the peacetime framework would coordinate navigation, require permits and charge tolls as oil traders reacted to the report.
- On Thursday, Deputy Foreign Minister Kazem Gharibabadi announced that Iran and Oman will establish a joint protocol to oversee vessel transit through the Strait of Hormuz, including implementing tolls for passing ships.
- Tehran has effectively closed the waterway, which carries a fifth of global oil and liquefied natural gas supplies, following strikes involving Iran, Israel, and Washington's regional bases.
- Gharibabadi insisted the oversight 'will naturally not mean restrictions,' claiming the protocol intends to facilitate safe passage and provide better services to ships transiting the route.
- French President Emmanuel Macron said on Thursday that launching military operations to force open the Strait is 'unrealistic,' responding to President Donald Trump's challenge to allies.
- Iran intends to 'oversee' transit through the Strait in a common arrangement with Oman once the war with Israel and Washington concludes, according to recent statements.
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46 Articles
Mideast uncertainty keeps pressure on equities
REC Asian shares remained under pressure yesterday amid dimming hopes for a swift end to the Middle East conflict, though reports that Oman and Iran were drafting terms for reopening the Strait of Hormuz offered some respite. Volumes were thin with some markets closed for the Good Friday holiday.
The Nation
Anadolu AjansıIran says drafting protocol with Oman to oversee Strait of Hormuz transit
Iran is formulating a protocol with Oman to oversee maritime transit through the Strait of Hormuz, a senior official said Thursday. “We are drafting a protocol
On Thursday, Iran reported working on a "protocol" with Oman to ensure "peacetime" navigational security in the Strait of Ormuz. Moreover, Israeli-American strikes, as well as Iran's replicas, continue. Follow the latest information. - IN DIRECT - Middle East: Iran is working on a "protocol" with Oman on the Strait of Ormuz for the post-war (International) period.
Seoul stocks rebound nearly 3 pct amid hopes for Hormuz Strait reopening
South Korean stocks soared by nearly 3 percent Friday, as Iran's discussions with Oman on a protocol to monitor traffic through the Strait of Hormuz boosted hopes of easing oil supply disruptions.
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