Iran-Oman deal on Hormuz Strait in final stages, Tehran says

An agreement between Iran and Oman to establish new shipping routes through the Strait of Hormuz is nearing completion, Iran's Foreign Ministry announced. However, Tehran emphasized that the crucial maritime passage will only be reopened once the United States meets a set of conditions.

An unnamed U.S. official had previously told Reuters that the deal was advanced and the strait, which handles one-fifth of global oil and LNG transport before its closure due to U.S.-Israeli actions, could reopen soon. Iran's Foreign Minister, Abbas Araghchi, confirmed the "final stages" of the agreement with Oman but firmly stated that the reopening is contingent upon specific prerequisites being met.

Echoing this stance, the Islamic Revolutionary Guard Corps declared that Iran would maintain the blockade of the Strait of Hormuz until the U.S. accepts "all" of Iran's terms. These demands reportedly include an end to attacks against Iran and its allies, the lifting of U.S. sanctions on Iranian ports, the release of frozen assets, and compensation for damages incurred since the conflict began on February 28.