Russia

Hormuz deal to give Iran greater control over shipping – Axios

RT English · 2026-08-05

AI SUMMARY

• What happened: An interim agreement is being negotiated between the US, Iran, and Oman that would grant Iran greater control over shipping in the Strait of Hormuz, a vital waterway for global oil transport. • Why it matters: The Strait of Hormuz is crucial as it carries about one-fifth of the world's seaborne oil, and the agreement aims to stabilize the region amid rising tensions and facilitate maritime traffic. • What to watch next: The involved parties are expected to finalize the deal soon, with plans to clear naval mines and establish controlled shipping lanes, while the international community monitors the implications for regional stability and shipping routes.

**Hormuz Deal to Enhance Iran's Shipping Control Amid Ongoing Negotiations**

Tehran is poised to gain increased control over shipping operations in the strategically vital Strait of Hormuz, according to reports from Axios. This development comes as the United States, Iran, and Oman engage in negotiations for an interim agreement aimed at stabilizing the region and facilitating maritime traffic through the strait, which is crucial for global oil transportation.

The Strait of Hormuz, located between Iran and Oman, is a significant waterway that carries approximately one-fifth of the world's seaborne oil. The ongoing negotiations are seen as a critical step towards resolving tensions that have escalated in recent months, particularly following a breakdown of a previous ceasefire agreement.

US President Donald Trump announced on Saturday that he had decided against a planned military strike on Iran, stating that Washington and Tehran were close to reaching a diplomatic resolution. In remarks made on Wednesday, Trump indicated that discussions between the parties were progressing positively, but he cautioned that Iran would face severe consequences if the Strait of Hormuz remains closed for an extended period.

The proposed interim agreement, which is expected to last for 60 days, aims to reopen the Strait of Hormuz, restore the US-Iran truce, and reignite negotiations surrounding Tehran's nuclear program. Sources suggest that the deal is nearing finalization, with key elements including the establishment of a shipping lane controlled by Iran for vessels entering the Persian Gulf, while outbound traffic would be routed through a lane overseen by Oman.

In the coming month, the involved parties plan to work on clearing naval mines from the median lane of the strait, which is anticipated to facilitate two-way traffic under a more permanent arrangement to be negotiated between Iran and Oman. During the 60-day interim period, no tolls or fees are expected to be charged for the use of the waterway. However, reports from regional officials indicate that discussions may include provisions for security payments and environmental preservation, although Trump has previously dismissed any arrangement that would allow Iran to impose charges on commercial shipping.

The White House has been actively involved in the negotiations, with notable communication between Trump's special envoy, Steve Witkoff, Iranian Foreign Minister Abbas Araghchi, and Omani Foreign Minister Badr al-Busaidi occurring in recent days. Despite these developments, Tehran has consistently denied participating in direct talks with Washington, asserting that its communications are solely with Oman regarding the Strait of Hormuz arrangements.

Araghchi has indicated that negotiations with Oman are nearing completion, while Iranian Foreign Ministry spokesman Esmaeil Baghaei characterized the discussions as a bilateral matter, emphasizing that they do not involve any other parties. Baghaei further stated that a deal between Tehran and Muscat would not equate to the reopening of the Strait of Hormuz, attributing its closure to what he described as American treaty violations and ongoing naval blockades against Iran.

As the situation develops, the international community is closely monitoring the negotiations, given the strategic importance of the Strait of Hormuz for global energy supplies and regional stability. The outcome of these discussions could have significant implications for shipping routes and geopolitical dynamics in the Middle East.

Source: RT English
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