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Iran and Oman near Hormuz deal amid US sanctions concerns
The proposed plan would shift control of inbound traffic to Tehran and outbound oversight to Oman, but Washington and shipping firms warn it could be undermined by US sanctions and potential transit fees.
Iran and Oman appear close to an agreement to reopen the Strait of Hormuz, but major issues remain before any deal could be finalized, OilPrice reports. Under the emerging framework, Tehran would control inbound traffic while Oman would oversee outbound shipping, with Iran seeking sanctions relief in exchange for toll-free passage.
The outlet says Washington opposes arrangements that would give Iran control of shipping lanes. The shipping industry has also warned that proposed transit fees and existing U.S. sanctions could make the plan unworkable, and that any announcement would address passage through Hormuz rather than the wider conflict.
OilPrice adds that Saudi Arabia is being pulled back into Yemen as activity escalates. It notes Houthi attacks on two Saudi oil tankers on August 5, followed by ballistic missiles and drones aimed at Saudi-backed forces on August 6, after a broader buildup of attacks on Saudi shipping and oil infrastructure.
The developments are framed as part of a broader Iran-related pressure campaign, with OilPrice citing reporting that U.S. Central Command sent an email seeking unconventional ways to pressure and punish Iran. The piece also describes a Saudi response that includes strikes and a multinational maritime coalition to protect routes in the Red Sea and Bab el-Mandeb.