Iran and Oman have agreed on a new shipping route through the Strait of Hormuz, according to Tehran's foreign ministry. This agreement is seen as a step toward easing tensions and potentially reopening the vital waterway, which has seen commercial traffic significantly disrupted since February 28. Before the conflict, approximately 130 vessels transited daily, a number that dropped to only eight on a recent Monday.
The proposed deal, initially set to last 60 days without transit fees, would involve ships entering the Gulf using a northern lane through Iranian waters, while departing vessels would use a southern lane in Omani waters, coordinated with Iran. However, sources indicate Iran is pushing for fees, with a senior Iranian official suggesting 5% to 7% of cargo value. Oman is reportedly discussing lower fees, around 3%, while the US opposes any transit fees.
Discussions also include potential service fees for maritime security and environmental protection, and a broader agreement to lift US sanctions on Iranian ports. While Iran claims the geographical coordinates of the route have been agreed upon, final details regarding Iran's control over both inbound and outbound traffic, and the nature of any fees (voluntary or mandatory), are still being negotiated. The US, though involved in discussions, has not confirmed the imminence of a deal, and the outcome remains uncertain with potential for political obstacles.
