Proposed Hormuz deal would give Iran control of inbound traffic, sources say
Iran is seeking 5% to 7% cargo fees in a draft that would let it control ships entering the Gulf, sources said.
- A proposed agreement between Iran and Oman would give Tehran control over ships entering the Gulf via the Strait of Hormuz, according to a senior Iranian source and two regional officials who spoke to Reuters on Wednesday.
- Months of U.S. military strikes failed to break Iran's grip on the Strait, prompting a diplomatic pivot; negotiations now center on transit fees, with Tehran seeking 5–7%, Oman proposing around 3%, and Washington demanding no fees.
- President Donald Trump told Fox News talks were "moving along nicely" and the Strait "is going to be open very soon," yet U.S. officials insist they would never accept any arrangement allowing Iran to control access.
- Oil prices ticked higher on Wednesday after the Iran-aligned Houthi movement reported firing on a Saudi-flagged tanker in the Red Sea, continuing efforts to enforce a blockade on Saudi oil shipments.
- Iranian sources warn that "The devil is in the details" regarding finalization, as significant hurdles remain despite U.S. political pressure to end the war most voters oppose.
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Tensions between Iran and the US continue. Meanwhile, reports suggest that Iran may gain greater control over the Strait of Hormuz and could levy tolls of up to 7 percent on commercial vessels.
What the Iran-Oman deal could mean for Strait of Hormuz fight
An emerging deal between Iran and Oman could reopen the Strait of Hormuz and give the countries joint control over its traffic, a major concession to Tehran. The proposed plan, details of which are still being worked out, would reportedly give Tehran control of ships entering the Gulf through the strait. Who ultimately controls the...
Iran and Oman are pursuing an agreement to reopen shipping lanes in the Strait of Hormuz, but concerns and vigilance are growing among the United States and neighboring countries as there is a possibility that Iran could secure control of the strait and collect fees under the pretext of services during this process.
Iran has been negotiating with Oman to stop the war with the United States.
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