A proposed agreement between Iran and Oman could significantly change how ships enter the Persian Gulf through the Strait of Hormuz, according to multiple regional sources. If approved, the arrangement would give Iran greater authority over inbound maritime traffic, making it one of the most significant developments in Gulf shipping in recent years.
_x000D_Although negotiations have reportedly progressed, officials familiar with the discussions say several important issues remain unresolved. They also stressed that no final agreement has been reached.
_x000D_ _x000D_Iran Hormuz Deal Could Change Gulf Shipping
_x000D_According to sources familiar with the negotiations, the proposed Iran Hormuz deal would allow Tehran to oversee vessels entering the Gulf through the Strait of Hormuz.
_x000D_One regional official described the proposal as one of the biggest concessions offered to Iran during the ongoing negotiations. However, discussions continue over what “control” would actually involve.
_x000D_Regional negotiators reportedly want Gulf states to supervise ship inspections and ensure that any transit fees remain voluntary rather than mandatory.
_x000D_Another unresolved issue involves Iran’s role in overseeing ships leaving the Gulf through the strategic waterway.
_x000D_ _x000D_Trump Says Talks Are Progressing
_x000D_US President Donald Trump recently said negotiations were “moving along nicely” and suggested the Strait of Hormuz could reopen fully soon.
_x000D_However, sources involved in the discussions cautioned that negotiations remain incomplete.
_x000D_One Iranian official noted that Foreign Minister Abbas Araqchi is currently away on leave, adding that no final agreement has been approved.
_x000D_Another source warned that negotiations remain fragile and could quickly change depending on political developments.
_x000D_ _x000D_Oil Markets Remain Focused on the Strait
_x000D_The Strait of Hormuz carries a significant share of the world’s oil exports, making any disruption a major concern for global energy markets.
_x000D_Oil prices edged higher after Yemen’s Houthi movement claimed responsibility for attacking a Saudi-flagged tanker in the Red Sea. The latest incident added to concerns about shipping security across the region.
_x000D_Despite the attack, crude oil prices remain close to their lowest levels since early July after markets reacted positively to renewed diplomatic efforts.
_x000D_ _x000D_Transit Fees Still Under Discussion
_x000D_According to sources, Iran has proposed charging transit fees between 5% and 7% of cargo values for ships using the Strait of Hormuz.
_x000D_Oman has reportedly suggested lower fees of around 3%, while the United States continues to oppose any mandatory charges.
_x000D_Officials are also discussing whether voluntary contributions could become part of a compromise, although shipping companies may still feel pressure to participate.
_x000D_ _x000D_No Final Agreement Yet
_x000D_While negotiations continue, officials from all sides say several technical and political issues still require resolution before any agreement can take effect.
_x000D_For now, the proposed Iran Hormuz deal remains under negotiation, with governments across the Gulf and international energy markets closely watching every development.