Iran and Oman nearing deal on Strait of Hormuz navigation
LATEST Iran says deal with Oman to define new shipping lanes is nearing completion
Iran announced it is nearing a deal with Oman to define new shipping lanes through the Strait of Hormuz. Iranian officials stated the agreement is very close, but a broader reopening is dependent on the U.S. lifting sanctions and ceasing military threats.
NOW PLAYING LIVE: Strait of Hormuz vessel traffic as Iran, US make competing claims over control
Vessel traffic is shown in the Strait of Hormuz amidst competing claims of control by Iran and the United States. Iran's Basij paramilitary unit head stated Iran controls the waterway, countering President Trump's assertion of total US control.
Geopolitical tensions and conflicting claims over the Strait of Hormuz directly impact global energy markets and international shipping routes.