Draft Agreement Finalized for 60-Day Reopening of Hormuz Strait

A draft agreement between Iran and Oman to temporarily reopen the Strait of Hormuz for 60 days has been finalized, according to reports. This potential breakthrough aims to establish secure navigation routes through the vital maritime chokepoint, which has been a focal point of regional tensions.

The proposed accord outlines measures for managing vessel traffic, including Iran's control over ships entering the Persian Gulf and the use of Omani territorial waters for outgoing vessels. Sources familiar with the negotiations indicated that the draft agreement explicitly prohibits the imposition of tolls or service fees for passage through the strait.

Despite progress, the deal faces significant hurdles. Disagreements persist over the imposition of fees, and there are concerns about potential backlash from hardline factions within Iran. These unresolved issues and internal political dynamics could lead to the collapse of the agreement at the final stage, underscoring the delicate nature of the negotiations.

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An agreement has been reached on the geographical coordinates of the route. A joint statement between the two countries containing the main considerations and points of agreement is currently under review and finalization.