Iran preparing conditions for Strait of Hormuz reopening, official says

Iran is formulating a list of conditions for the potential reopening of the Strait of Hormuz, a critical global oil and gas transit route, following requests from mediators. Mohsen Rezaei, secretary of Iran's Supreme National Security Council, indicated that ending the current regional conflict is a key demand.

Rezaei also revealed that Iran and Oman have reached an agreement on establishing a shared shipping corridor through the strait. Parts of this route will traverse Omani waters, while others will be within Iranian jurisdiction. Ships will be directed through a central channel if the U.S. meets Iran's stipulated conditions, Rezaei explained in an Al Manar TV interview.

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Ships would use a designated central channel if the U.S. met Iran's conditions.

This development follows reports from Wednesday suggesting ongoing discussions between Iran and Oman regarding the waterway's management. Previously, Iran's Revolutionary Guards stated that the two nations had agreed on how to share control and revenues from the strait. A Guards spokesperson emphasized that Iran would not permit the strait's reopening unless Washington lifts its "blockade" of Iranian ports, provides compensation, and removes sanctions.

Before the current regional war began in February, the Strait of Hormuz handled approximately one-fifth of global oil and liquefied natural gas shipments. Transit through the waterway has significantly decreased since then. Cease-fire agreements brokered by Washington and Tehran in April and June aimed to restore maritime traffic but ultimately failed to hold.

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Iran would not allow the strait to reopen unless Washington lifted what Tehran describes as a blockade of Iranian ports while also paying compensation and removing sanctions.