Iran Says Hormuz Route Deal With Oman Near Final
Iran says a Hormuz shipping route deal with Oman is in the final stages, with a temporary corridor for two to four months. US and Oman have not commented.
Iran says a Hormuz shipping route deal with Oman is in the final stages, with a temporary corridor for two to four months. US and Oman have not commented.
Hormuz still carries a fraction of pre-war traffic as Iran, Oman, and the US fight over fees, routes, and the blockade. August 2026 picture.
Houthi missiles and drones hit Yemeni army camps in Marib and Hadramawt, with tolls of 30 to 58 reported, as a Red Sea embargo on Saudi ports squeezes shipping.
By early August, Iran and Oman had a 60-day framework for dual shipping corridors through Hormuz, still needing SNSC approval, while indirect US-Iran talks continued.
On July 13, Trump restarted the Iranian naval blockade, called the US the guardian of Hormuz, and demanded 20% reimbursement on cargo. IMO rejected mandatory strait tolls.
On July 7, the Qatari LNG tanker Al Rekayyat was hit near Hormuz with an engine-room fire. A Saudi-flagged tanker was also damaged as the June MOU's safe-passage promise frayed.
PortWatch data show only 513 ships in the first 18 days after the June 17 MOU, about 28 a day versus roughly 100 before the war, as dual corridors and mine risk keep traffic depressed.
Late June attacks on Ever Lovely and tanker Kiku led to US coastal strikes and Iranian hits on Gulf bases, before both sides agreed to hold talks again.
Iran's foreign minister Abbas Araghchi announced the Strait of Hormuz is fully open to commercial shipping. Oil prices dropped 10 percent and global markets surged on the news.
The US naval blockade of Iranian ports has not closed the Strait of Hormuz itself. Analysis shows why commercial shipping continues while Iranian maritime trade remains effectively strangled.
Analysis of the Houthi movement's calculated entry into the US-Iran conflict, their complex relationship with Tehran, and the strategic calculus behind their restraint on Red Sea shipping — so far.
Britain gathers foreign ministers from 40 countries for a virtual summit on reopening the Strait of Hormuz, where Iranian attacks have halted commercial shipping since the war began. The United States declined to attend.
International agreement allows resumption of Ukrainian grain exports through Black Sea corridor, addressing global food security concerns