A deal between Oman and Iran would reopen the Strait of Hormuz by directing inbound traffic through a route closer to Iran and outbound traffic through a route closer to Oman, according to a report. The development comes as Tehran said on Wednesday that the two countries had agreed on a route for ships transiting the strategic waterway and were finalising arrangements to jointly manage it.

The proposed system would route incoming ships near Iran and outgoing vessels near Oman, while Washington insists Tehran will not control access or collect payments

According to the report, vessels heading into the Persian Gulf would transit a channel controlled by Iran, and close to its coast, while ships leaving the Gulf would travel on a…

Iran and Oman are making progress on a deal to reopen the Strait of Hormuz. This potential agreement involves shared control and service fees for maritime passage. US officials…