US expects deal soon on Strait of Hormuz

The United States anticipates a swift resolution to the ongoing disruptions in the Strait of Hormuz, with a U.S. official reporting significant progress in talks between Iran and Oman. This potential agreement could soon restore oil exports that have been hampered for five months.

“

There is progress between Oman and Iran on the strait, and we expect a deal soon.

According to the U.S. official, who spoke on condition of anonymity, Washington is optimistic about an imminent deal between the two nations bordering the strategic waterway. The resumption of normal oil traffic is seen as a critical outcome of this diplomatic effort. "There is progress between Oman and Iran on the strait, and we expect a deal soon," the official told Reuters on Friday.

"Once the deal is announced to restore commercial shipping without impediments, the United States will lift the blockade of Iranian ports," the official added. However, the U.S. emphasized that its actions remain contingent on Iran's adherence to its commitments. "As always, U.S. actions will continue to be performance-based and tied to Iran’s implementation of its commitments," the official stated.

“

Once the deal is announced to restore commercial shipping without impediments, the United States will lift the blockade of Iranian ports.

Before the conflict began on February 28, the Strait of Hormuz was a vital artery for global oil trade, with approximately one-fifth of the world's oil supply passing through it. The disruption has had significant economic implications, and the prospect of reopening the strait is viewed as crucial for stabilizing energy markets.

“

As always, US actions will continue to be performance-based and tied to Iran’s implementation of its commitments.