Iran claims that a deal with Oman to reopen the Strait of Hormuz is on the verge of being finalised after both countries reportedly agreed coordinates to allow shipping routes through the critical waterway.

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…