A deal between Oman and Iran would reopen the Strait of Hormuz by directing inbound traffic through a route closer to Iran and outbound traffic through a route closer to Oman, according to a report. The development comes as Tehran said on Wednesday that the two countries had agreed on a route for ships transiting the strategic waterway and were finalising arrangements to jointly manage it.
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Citing four regional sources, PBS correspondent Nick Schifrin said in a post on X that the arrangement would be announced by Iran, Oman and the UN's International Maritime Organization (IMO), alongside the US, and would involve "no fees or tolls".
The agreement would be temporary and is intended to return the sides to the ceasefire and the 14-point Memorandum of Understanding (MoU), according to the sources cited by Schifrin.
"It's designed to return to the ceasefire and the MOU--restarting a 60-day clock to negotiate deals over Iran's nuclear program, frozen assets, and a permanent arrangement for the Strait," Schifrin wrote.
Iran is also expected to receive relief to sell oil during the proposed 60-day period. The arrangement has reportedly been endorsed by members of the Gulf Cooperation Council (GCC).
