Iran and Oman have agreed on control and revenues tied to the Strait of Hormuz, but the key shipping lane will remain closed unless the United States accepts their conditions, Iran’s Revolutionary Guard said Wednesday.
The duo have held on-and-off talks for weeks about controlling traffic through the strait, which handled one-fifth of global oil and liquefied natural gas shipments before the war began in February.
Most shipping has since been shut down, driving global energy prices higher, as Tehran and Washington have tried to assert control over the channel, imposing separate blockades.
"The Strait of Hormuz belongs to Iran and the country of Oman ... We have been in negotiations with Oman for about a month, and we have reached results that are acceptable to both sides," Islamic Revolutionary Guard Corps spokesman Hossein Mohebbi said in comments published by Iranian state media.
"In these negotiations, agreements have been reached regarding the share of each country in the waters of the Strait and the share of Iran and Oman in its revenues," Mohebbi added.
