Oman has thrown its weight behind the US-Iran memorandum of understanding on the Strait of Hormuz, explicitly ruling out any transit fees for commercial vessels passing through the narrow waterway that connects the Persian Gulf to the open ocean.
The MoU, signed on June 17, 2026, establishes a 60-day window of toll-free safe passage through the strait. It also requires the removal of mines and other obstacles from the waterway, a process expected to take roughly 30 days.
Why the Strait of Hormuz matters to everyone
The Strait of Hormuz is roughly 21 to 22 miles wide at its narrowest point, and it falls entirely within Iranian and Omani territorial waters. When Iran blocked the strait earlier in 2026, retaliating against US and Israeli military actions, it sent shockwaves through every market that touches energy. The US responded to that closure with a naval blockade, escalating tensions significantly. The MoU represents the first real de-escalation since that standoff began.
Oman’s Foreign Minister Badr Albusaidi has been unambiguous about the country’s position, reaffirming its commitment to safe passage in alignment with international law. No fees. No service charges.
