The two countries that border the crucial waterway have been negotiating a plan for the management of maritime traffic since last month.

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 close to reaching an agreement to restore commercial maritime traffic through the Strait of Hormuz, The New York Times reported, citing Iranian and US officials.

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…

Iran and Oman have agreed on shipping route coordinates for the Strait of Hormuz. A joint announcement is being finalized, provided no third parties interfere. This agreement…

Iran and Oman near a shipping deal for the Strait of Hormuz. Agreement by August 31 at 65.5% YES.