Iran and Oman are still working on details of a Strait of Hormuz agreement, a senior Iranian source said in Dubai on Wednesday. The IRGC said the two sides had agreed on sharing the waterway and its revenues, but also said the strait will not open unless the U.S. meets Tehran’s conditions. Those conditions include lifting the blockade on Iranian ports, paying compensation and removing sanctions.
Vessels in the Strait of Hormuz are visible near the beach of Bandar Abbas, Iran, Wednesday. WANA (West Asia News Agency) via Reuters-Yonhap
DUBAI — Iran and Oman are still working on the details of an agreement on the Strait of Hormuz, a senior Iranian source said on Wednesday, after Iran's Revolutionary Guards said the two countries had agreed how to share the waterway and its revenues.
The elite force's spokesperson, echoing Tehran's official stance, also said the strait would not open unless the U.S. met Tehran's conditions under an interim ceasefire agreement that was struck in June before unravelling. Those conditions include an end to the U.S. blockade on Iranian ports, compensation and removal of sanctions.
Iran and Oman 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.
