Iran, Oman Reach Strait of Hormuz Revenue Sharing Deal
The agreement includes a temporary navigational corridor and mine-clearing efforts, with only 14 vessels currently transiting the strait compared to roughly 130 daily before the conflict.
- On Wednesday, Iran and Oman reached a revenue-sharing agreement for the Strait of Hormuz, establishing a "phased framework" for potential shipping transits through the critical waterway.
- Tehran officials seek to impose "service fees" on vessels after seizing control of the waterway; this shift follows the Trump administration's launch of Operation Economic Outcast, threatening secondary sanctions on countries doing business with Iran.
- Only 14 vessels were present in the Strait of Hormuz on Wednesday, a dramatic drop from the pre-war daily average of roughly 130 ships. Iranian Deputy Foreign Minister Kazem Gharibabadi attributed the reduction to fears regarding sea mines.
- The White House threatened to bomb Oman if Muscat proceeds with the toll plan. President Donald Trump dismissed the deal's significance, telling radio host Glenn Beck on Wednesday that the strait remains "a very functioning" waterway.
- Negotiations are expected over the next 30 to 60 days to establish permanent shipping routes. Tehran insists the waterway will remain closed unless the United States accepts its conditions, keeping commercial traffic restricted.
23 Articles
23 Articles
Iran Guards say agreed with Oman to share revenues from Strait of Hormuz
TEHRAN, Aug 27 — Iran’s Revolutionary Guards said yesterday they had agreed with Oman to share any revenues earned from transit fees in the Strait of Hormuz.“During negotiations with Oman, some agreements were made regarding the share of each country in the waters of the Strait and the share of Iran and Oman in its revenues,” said Guards spokesman Hossein Mohebi, adding that the US was “obstructing work” to finalise a deal.
Both countries agreed, according to Iran, to divide the revenues of the navigation through the Strait of Ormuz
Iran's Revolutionary Guardians stated this Wednesday that they agreed with Oman to share the benefits of sailing fees in the Strait of Hormuz. "During the negotiations with Oman, some agreements were reached on which part of each country belongs to the waters of the Strait and on which part of the revenues ... Continue reading "Despite US pressure: Iran announces agreement with Oman to administer the Strait of Ormuz" The post Despite US pressure…
Coverage Details
Bias Distribution
- 42% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
