TEHRAN/WASHINGTON — Iran and Oman have reached an understanding on the outlines of an agreement to reopen the Strait of Hormuz for 60 days, Saudi-based Al Hadath news channel and Al Arabiya news channel reported on Thursday, both citing high-ranking sources.
The sources said the agreement, which still needs approval by Iran's Supreme National Security Council and could be announced within days, aims to restore navigation in the waterway.
Vessels entering the strait will use a route close to Iran, while those leaving will take one close to Oman. No transit fees or service charges will be imposed, and regional parties may participate in demining and technical procedures, the sources said.
Following the agreement's approval, the United States and Iran will return to their peace memorandum of understanding and activate Paragraph 5 concerning the reopening and safe navigation of commercial shipping through the strait, the sources said.
Indirect contacts between Iran and the United States remain through mediators and have entered their final stage, the sources added.
