Iran and Oman Near Agreement to Reopen Strait of Hormuz Shipping Routes

Iran and Oman are reportedly close to finalizing an agreement to reopen shipping traffic through the Strait of Hormuz, according to sources cited by The New York Times on July 12, 2026. The deal would establish controlled maritime routes, with vessels entering the Persian Gulf passing near Iran's coast and those exiting traveling close to Oman. This arrangement would effectively grant Tehran control over a strategic waterway that was previously an international passage before the recent conflict.

Iranian officials have stated that no transit fees will be charged, but "service fees" will be imposed to cover environmental impacts, security for cargo ships and tankers, and labor costs. These revenues are expected to be split equally between Iran and Oman. However, a U.S. source involved in the negotiations disputed Iran's version, asserting that any temporary route established would not require Iranian approval or tolls.

The developments come amid remarks by Iranian Foreign Ministry spokesperson and negotiator Esmail Bakaei, who emphasized that current talks are solely with Oman and not the United States. Bakaei described the discussions as focused on ensuring safe passage through the strait and addressing regional insecurity. He noted that Pakistan is mediating, Qatar is cooperating, and China is working to prevent escalation, though not acting as a mediator. Bakaei also warned that if the U.S. violates existing understandings, the situation in the Strait of Hormuz would remain unchanged.

This potential agreement reflects ongoing regional efforts to reduce tensions and secure vital maritime routes amid geopolitical complexities involving Iran, Oman, and other regional actors.