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On 5 August 2026, Iran said it had reached an agreement with Oman on a shipping route through the Strait of Hormuz, including coordinates for the route. Iran's foreign ministry described the route as temporary, and Iranian official Gharibabadi said the arrangements were being finalized. Iran also said that reopening the strait depends on the US.
Axios reported that the US was preparing to announce a deal with Iran and Oman on the strait, while Anadolu Agency reported that 'US interference' was delaying it. The Times of Israel said the deal would restore the US truce and give Tehran some control over Hormuz. Bloomberg reported that oil held a three-day drop as Iran and Oman reached the agreement.
by WorldBrief & Maksim Micheliov | AI-generated summary
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