Iran and Oman have held talks for several weeks about controlling the traffic through the Strait of Hormuz. | World News

Iran and Oman have agreed on shipping route coordinates and a joint maritime corridor for the Strait of Hormuz, which carries 20% of global oil

Iran and Oman have reached agreement on their share of the Strait of Hormuz and its revenues, but the vital waterway will not be reopened if the US does