Iran and Oman Near Deal on New Shipping Route in Hormuz Strait

Iran and Oman are close to finalizing a deal on a new shipping route and joint management framework for the Hormuz Strait, a strategic waterway in the Middle East.

Iran’s Foreign Ministry spokesperson, Ismail Bakhshi, said that the two countries have agreed on the geographical coordinates of the proposed route and are expected to issue a joint statement soon, pending no obstacles from third parties.

However, Tehran has reiterated its demand that the US lift its naval blockade on Iranian ports before the strait can be fully secured. Bakhshi attributed the existing security risks in the Hormuz Strait to the US naval blockade and other aggressive activities against Iran.

Since the US and Israel launched a war against Iran on February 28, Iran has imposed strict control over the Hormuz Strait, warning unauthorized ships to use its coastal route. Many international ships have opted for the southern route via Oman instead.

Analysts believe that Iran is preparing to exert more direct control over the Hormuz Strait and impose a toll system, which the US has strongly opposed. US President Donald Trump recently warned of a possible attack on Iran, but later hinted at the possibility of a deal.

Iran’s Foreign Ministry has repeatedly denied any direct talks with Washington, saying that a solution is being sought through coordination with Oman. Meanwhile, the UK Maritime Trade Operations (UKMTO) reported that the crew of an oil tanker passing through the Hormuz Strait near Oman’s Khasab area heard two explosions, but the ship and crew are safe.

Yemen’s Houthi rebels also claimed to have launched a missile attack on two Saudi oil tankers, ‘Wafa’ and ‘Daisy’, in the northern Red Sea and the Gulf of Aden, respectively. Saudi Arabia has not responded to the claims.

Before the war, about a fifth of the world’s oil and liquefied natural gas (LNG) exports passed through the Hormuz Strait. The tensions in the region have led to fluctuations in the international energy market.

US Vice President J.D. Vance acknowledged that the diplomatic process with Iran is complex and time-consuming, and that internal divisions within the Iranian leadership have also made negotiations difficult. Vance expressed skepticism about reaching an agreement with Iran.