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Iran says Oman Hormuz deal in final stages as Trump floats announcement this week

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Energy markets context amid Hormuz disruption
Illustrative markets chart (site media) — oil/energy context for Hormuz disruption; not a Strait photo

Since the US and Israel attacked Iran in February, Tehran has largely blocked the Strait of Hormuz through which about a fifth of the world's oil and liquefied natural gas usually passes. On Tuesday, the United Kingdom Maritime Trade Operations (UKMTO) agency reported a cargo ship had been struck by an unidentified projectile off Oman.

Iranian Ministry of Foreign Affairs spokesman Esmaeil Baghaei said the Oman talks have been “positive” and were continuing although Iran’s Sepah News quoted an official as saying US military threats remained the main obstacle to reaching an agreement. The Iranian Foreign Ministry spokesman has said the talks with Oman are focused on “establishing safe inbound and outbound shipping lanes” that “uphold sovereign rights while also addressing the national security considerations of both Iran and Oman”. Foreign ministry spokesman Esmaeil Baqaei did not give any further details on the agreement, which he said was "in the final stages". In his statement, the Iranian foreign ministry spokesman said the "geographical coordinates of the route" had been agreed with Oman. In June, Iran and the US signed a Memorandum of Understanding (MoU) , aiming to stop fighting, reopen the Strait of Hormuz, and reach agreement to end the war within 60 days.

This video can not be played Watch: "Everyone hates it except Iran", says former US diplomat on new Hormuz deal Iran says it has reached an agreement with Oman on a route for shipping through the Strait of Hormuz. Foreign ministry spokesman Esmaeil Baqaei did not give any further details on the agreement, which he said was "in the final stages". Baqaei warned, however, that a deal with Oman would not guarantee safe navigation through the strait, arguing security remained impacted by the US blockade of Iran's ports. The US and Oman have not commented on the proposal. Since the US and Israel attacked Iran in February, Tehran has largely blocked the Strait of Hormuz through which about a fifth

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