Hormuz deal ‘close’: What’s the latest on each side’s positions?
Summary
Iran and Oman are close to finalizing an agreement on shipping routes through the Strait of Hormuz, a vital waterway for global oil and gas transport. The deal aims to reopen the strait after recent closures and attacks on ships, but it does not guarantee immediate safety or end tensions between Iran and the United States.Key Facts
- The Strait of Hormuz connects the Gulf to the Gulf of Oman, bordered by Iran, Oman, and the UAE.
- About one-fifth of the world’s oil and liquefied natural gas passes through the strait.
- Iran closed the strait after the US and Israel began strikes on Iran in late February, disrupting global energy markets.
- Iran and Oman have agreed on coordinates for shipping routes and are drafting a joint statement.
- Talks with Oman cover technical, legal, security, and environmental aspects of the shipping corridor.
- Iran says the deal does not ensure the strait is safe for ships because US military actions continue to cause instability.
- A deal on the strait would not end the wider conflict between the US and Iran but could lead to broader peace talks.
- The US opposes any arrangement giving Iran control over shipping traffic or requiring permits and fees for passage.
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