Iran, Oman agree shipping route through Strait of Hormuz
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 between Iran and Oman will not guarantee security in the waterway. The I...

Baghaei added that any such agreement between Iran and Oman would not, by itself, guarantee security in the strategic waterway.
Also Read: Iran imposing toll system for vessels in Strait of Hormuz: Report
The proposed deal between Iran and Oman would give Tehran control over ships entering the Gulf through the Strait of Hormuz, a senior Iranian source and two regional officials told Reuters on Wednesday, in one of the biggest concessions yet to Iran.
Despite the apparent step towards yielding to Iranian demands, the sources pushed back against assertions by U.S. President Donald Trump that a deal reopening the strait was imminent, saying important details still had to be agreed.
Also Read: Iran, Oman near Hormuz reopening deal as talks advance
Iran's Foreign Ministry spokesperson Esmaeil Baghaei described the negotiations between Tehran and Muscat as "professional" and "moving forward", saying "the two sides had reached a mutual understanding on the geographical parameters of the route under discussion".
Baghaei added that, if some third parties do not obstruct the process, the joint statement between the two countries, containing the main considerations and key points of understanding, was in the final stages of review and drafting.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.