Iran has indicated that negotiations with Oman regarding control of the Strait of Hormuz are nearing completion, but additional actions are necessary before the waterway can be fully reopened. The United Arab Emirates reports that Iran has targeted another vessel in the strait with a missile, with no injuries reported.
Iran stated Saturday that an agreement with Oman is close, but emphasized that it alone won’t resolve issues related to the strait. The UAE also reports that Iran launched a missile strike on a ship passing through the strait. Tensions have escalated as Iran responded to recent US attacks by striking at US military bases in the Gulf region and Jordan, along with targeting merchant vessels in the critical shipping corridor, which before the conflict carried about 20% of the world’s oil and gas exports.
An unnamed US official mentioned that Washington expects an imminent deal between Iran and Oman, both of whom border the strait, which could allow for the resumption of normal oil shipments. Iran’s Foreign Minister Abbas Araghchi said that Iran and Oman are very close to agreeing on a new shipping route but that the reopening hinges on other factors, including US compensation. Iran’s top national security officials listed additional demands, such as ending US threats, stopping hostilities against Iran’s allies, lifting sanctions, and freeing Iranian assets.
Oman has condemned repeated attacks on vessels passing through the strait but characterized negotiations with Iran as positive and constructive. It asserted the importance of avoiding actions that could hinder progress. Iran has rejected the previous traffic separation scheme and is discussing a temporary route with Oman while resolving technical and legal issues for a permanent solution.
Iranian President Masoud Pezeshkian expressed optimism about reaching an agreement, citing national cohesion and the country’s strength in the ongoing conflict. Iran’s recent actions include targeting US bases and attacking shipping in the strait, which was a major route for energy exports before the conflict escalated.
The UAE reports that Iran attacked a vessel operated by its national oil company with a missile, though no injuries occurred. A UK maritime source mentioned a vessel caught fire after being hit by an unknown projectile, but the fire was extinguished without environmental impact. Iranian officials have not yet responded.
In recent weeks, the US has suggested that a resolution allowing for the opening of the strait could be near, although Iran counters that no formal negotiations are underway. A US official indicated that once an agreement restores free commercial shipping, the US would lift sanctions on Iranian ports, contingent upon Iran fulfilling its commitments.
Iran’s Revolutionary Guard claims that the reopening of the strait depends on Washington accepting Iran’s conditions and remains separate from Iran-Oman negotiations. A high-level Iranian source told Reuters that a proposed deal might grant Iran some control over ships entering the Gulf through the strait, which would be a significant concession. The US has consistently rejected Iran’s control over this strategic trade route for energy, and it remains uncertain if the terms of this new deal are acceptable to the US.
Iran has leveraged hostilities to impose a toll on oil tankers and to justify attacking vessels that attempt to cross the strait without permission, leading to disruptions in global energy supplies, rising prices, and increased inflation.














