A potential deal between Iran and Oman is reportedly underway, possibly granting Tehran control over vessels entering the Gulf via the Strait of Hormuz. This development represents a significant concession to Iran, according to a senior Iranian source and regional officials. However, despite the advancements in talks, U.S. President Donald Trump stated that an agreement to reopen the strait was imminent, while sources insisted on unresolved details that still need negotiation.
Key aspects of the deal involve defining the nature of “control” that Iran would have, with Gulf negotiators emphasizing that regional countries must oversee ship inspections and that any fees for passage should be voluntary. The proposed agreement would allow Iran oversight of ships approaching the Gulf, but a major contention remains regarding Iran’s authority over vessels departing the area. The proposed arrangement may shift the balance of power in the region towards Iran, raising concerns among U.S. officials who previously rejected any terms permitting Iranian control of this vital trade route.
Amid these discussions, oil prices saw a slight increase following attacks on Saudi oil vessels by the Iran-aligned Houthi movement, heightening worries over global energy supplies. Although U.S. military efforts to diminish Iran’s influence have intensified, they have encountered challenges, leading to calls for a resolution to the ongoing conflict that has stirred public opposition in the U.S.
