Negotiators from Iran and Oman have finalized a draft agreement on the Strait of Hormuz and are now waiting for final approval from Iran’s supreme leader, according to an Associated Press report cited by BlockBeats on Aug. 5. Two Gulf officials told the AP that the draft has already been settled.
Earlier in the day, reports said the United States, Iran, and Oman were close to reaching a 60-day interim arrangement to reopen the Strait of Hormuz. Under the proposed plan, vessels entering the Persian Gulf would travel through shipping lanes in Iranian waters, while ships leaving the strait for the Arabian Sea would pass through lanes in Omani waters.
The proposal also says no transit fees or shipping charges would be collected during the initial 60-day period. In addition, the parties agreed to clear naval mines in the Strait of Hormuz area to restore safer shipping conditions and create room for talks on a longer-term passage arrangement.
Negotiators from Iran and Oman have finalized a draft agreement on the Strait of Hormuz and are waiting for final approval from Iran’s supreme leader, according to an Associated Press report cited by BlockBeats on Aug. 5.
Two Gulf officials told the AP that the draft has already been settled.
Earlier reports said the United States, Iran, and Oman were close to reaching a 60-day interim deal to reopen the Strait of Hormuz.
Under the proposed arrangement, vessels entering the Persian Gulf would use shipping lanes in Iranian waters. Ships leaving the Strait of Hormuz for the Arabian Sea would pass through lanes in Omani waters.
No transit fees or shipping charges would be imposed during the initial 60-day period, according to the proposal.
The parties also agreed to clear naval mines in the Strait of Hormuz area to restore safer shipping conditions and support follow-up negotiations on a longer-term transit arrangement.
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