Iran could consider ships being able to sail through Oman side of Strait of Hormuz without interference or attack as part of a deal with the US, according to Reuters, citing source close to Tehran
- Iran will maintain control over its waters in the Strait of Hormuz and Oman will decide about its own side of the waterway.
- The proposal hinged on whether Washington was prepared to meet Tehran's demands.
Context
This development indicates a potential easing of tensions in the Strait of Hormuz, a critical chokepoint for global oil shipments. Should the U.S. be willing to negotiate based on Iran's demands, it could lead to enhanced shipping security, which may positively influence energy prices. However, the specifics of the demands and the response from Washington will be crucial in determining the durability of this arrangement.
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