Strait of Hormuz reopening deal: Iran, Oman reach 60-day understanding
Synopsis
Key Takeaways
Iran and Oman have reportedly reached an understanding on the framework of an agreement to reopen the Strait of Hormuz for 60 days, according to Saudi-based broadcasters Al Hadath and Al Arabiya, both citing high-ranking sources on Thursday, 6 August. The deal, if finalised, would resume commercial navigation through one of the world's most critical maritime chokepoints.
Key Terms of the Proposed Agreement
Under the reported framework, vessels entering the strait would use a route close to Iran, while outbound ships would follow a lane near Oman. No transit fees or service charges would be imposed on passing vessels. Regional parties may also participate in demining and technical procedures, according to the sources.
The agreement still requires approval by Iran's Supreme National Security Council and could be formally announced within days, the sources added.
US-Iran Dimension
Following the agreement's approval, the United States and Iran are expected to return to their peace memorandum of understanding (MoU) and activate Paragraph 5, which specifically concerns the reopening and safe navigation of commercial shipping through the strait. Indirect contacts between the two countries, conducted through mediators, have reportedly entered their final stage.
This comes amid a broader diplomatic backdrop: in June, Iran and the United States signed an MoU on ending the war on all fronts, including Lebanon. The two sides were scheduled to hold negotiations within a 60-day period to reach a final agreement, but recent regional escalation had left the talks' fate uncertain.
Background: Why Hormuz Was Closed
Iran tightened its grip on the strait on 28 February, barring safe passage of vessels belonging to or affiliated with Israel and the United States following their joint strikes on Iranian territory. The closure sent shockwaves through global energy markets, given that roughly 20% of the world's oil supply transits the strait. This is the first credible framework for reopening to emerge since the blockade began.
Iran's Defence Posture
Even as diplomatic channels advance, Iran's Acting Defence Minister, Brigadier General Majid Ebn-e-Reza, on Thursday signalled no softening of Tehran's military stance. In a message shared on his social media account, he said: 'Every day, the signs of the enemy's erosion of power become more evident; however, our Armed Forces, relying on the country's defence industry, are fully equipped to respond to any threat,' according to Iran's official Islamic Republic News Agency (IRNA).
Ebn-e-Reza further warned that nations seeking to buy security and military superiority from abroad would soon find that Iran's indigenous technology is superior to any system in the region, IRNA reported. The remarks underscore that Tehran views diplomacy and deterrence as parallel tracks.
What Comes Next
The immediate watch point is whether Iran's Supreme National Security Council ratifies the framework, which sources say could happen within days. A formal announcement would likely trigger a resumption of US-Iran MoU negotiations and a phased reopening of the strait to commercial traffic. Energy markets and global shipping insurers will be closely monitoring developments, given the strait's outsized role in crude oil and LNG flows.