US Removes Sanctions on Iranian-Linked Iraqi Airlines Amid Strait of Hormuz Negotiations

Significant progress has been reported in talks between the United States and Iran concerning the Strait of Hormuz. On August 5, 2026, the US Treasury announced the removal of sanctions on two aircraft and three Iraqi airlines connected to Iran's Islamic Revolutionary Guard Corps. Concurrently, an Iranian Foreign Ministry spokesperson stated that Iran and Oman have agreed on the "geographical characteristics" of shipping routes through the Strait, with a joint statement nearing finalization unless "certain third parties" interfere, a likely reference to the US and Israel.

Despite this, Tehran clarified that the agreement with Oman does not guarantee the strait's safety for navigation. The Iranian delegation negotiating the strait's status reportedly excludes the Revolutionary Guard, whose approval is necessary for any temporary agreement. A Gulf source told CNN there is a 50-50 chance of reaching an agreement by Friday.

Israeli Prime Minister Benjamin Netanyahu, speaking at the burial ceremony of Theodor Herzl's remains, emphasized Israel's security is non-negotiable, stating, "With or without an agreement, we will do everything necessary to ensure our future." Earlier, US President Donald Trump described the discussions with Iran as "very good" but reiterated threats to "hit" Iran hard if it reneges on any deal. Trump also suggested a deal on the strait could be finalized imminently.

Iran denies direct talks with Washington, insisting communications are only with Oman to coordinate navigation through the strait. The ongoing negotiations focus on reopening shipping lanes, which Iran has effectively closed since US and Israeli attacks. Three possible shipping routes are under consideration: the Iranian route, which Iran insists is the only safe passage; the Omani route, supported by the UN and Oman but opposed by Iran; and the pre-war central route, now deemed dangerous due to mines and military risks.

Before the US-Iran conflict, about 20% of global energy supplies passed freely through the Strait of Hormuz, highlighting the strategic importance of these negotiations.