Iran says deal on Strait of Hormuz is close but not enough to open the waterway
Summary
Iran says an agreement with Oman on a new shipping route through the Strait of Hormuz is close, but reopening the waterway still depends on wider conditions including US concessions and compensation. The UAE says Iran has hit another vessel, while shipping disruptions and tensions continue to push up prices and threaten global energy flows.
Key Points
- Iran says it is very close to a deal with Oman on a new shipping route through the Strait of Hormuz, but reopening the waterway depends on broader demands from Tehran.
- Oman called the negotiations positive and constructive while condemning repeated attacks on vessels transiting the strait.
- The UAE said Iran struck a carrier linked to its state oil company, and UKMTO reported a vessel fire after an unknown projectile hit it.
- Iranian and US officials remain divided over control of the strait, which is central to global oil and gas shipments.
