The US-Iran memorandum of understanding signed last week calls for Iran and Oman to hold talks on the future administration of the strait.

Oil tankers continued to transit the strait in both directions, but many turned off their transponders over the weekend after Iran's military declared Hormuz closed once again.

Iran's Parliament Speaker and chief negotiator Mohammad Bagher Ghalibaf and Foreign Minister Abbas Araghchi are travelling to Oman for talks on the management of the Strait of…