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At close · Fri, Aug 14, 2026
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Home›Global Markets›Trade & Tariffs›Iran and Oman move toward Strait of Hormuz deal amid U…

Iran and Oman move toward Strait of Hormuz deal amid U.S. sanctions stance

The planned agreement would cover safe transit and the future administration of the Strait of Hormuz, a key global shipping corridor.

Reported · Written up by our desk · Trade & Tariffs

Iran and Oman are preparing a deal focused on securing safe transit through the Strait of Hormuz, according to CNBC Markets and CNBC World.

The talks also aim to address the future administration of the Strait, described as a vital economic artery for regional and global trade.

The U.S. is taking a withholding approach on secondary sanctions as the countries work toward the arrangement, which would affect how sanctions enforcement intersects with shipping in the waterway.

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Sources

CNBC MarketsIran and Oman prepare Hormuz deal as U.S. holds back on secondary sanctions
CNBC WorldIran and Oman prepare Hormuz deal as U.S. holds back on secondary sanctions

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