Hundreds of ships remain stranded in the Strait of Hormuz, as Iran and Oman moved closer to an agreement that could ease strain on the global economy (africanews.com). The deal, which aims to establish a new shipping route through the strategic waterway, is being finalised, according to Iranian officials (theguardian.com). This development comes amid ongoing tensions between Iran and the United States, which have led to disruptions in maritime traffic through the strait.

Iran has warned against interference in the deal by "certain third parties," emphasizing that the agreement is a finalised statement (aljazeera.com). The proposed route would allow Iran to control inbound traffic, according to sources, which could shift the balance of power in the region (ca.news.yahoo.com). The agreement is seen as a potential solution to the crisis, which has caused significant delays and economic concerns.

The joint statement between Iran and Oman outlines the coordinates of the new route, marking a key step toward resolving the issue (arynews.tv). While the deal is expected to improve the flow of maritime traffic, Iranian officials have stressed that it alone would not guarantee the security of the waterway (theguardian.com). The situation remains under close watch as the global community awaits the finalisation of the agreement.

Sources
  • Al Jazeera — ‘Hormuz unlikely to return to pre-war status’
  • Yahoo News Canada — Proposed Hormuz deal would give Iran control of inbound traffic, sources say
  • africanews.com — Middle East: Hundreds of ships remain stranded in Strait of Hormuz
  • The Guardian — Middle EastIran and Oman reach understanding on coordinates of route through Hormuz, Iran ministry says
  • arynews.tv — Iran and Oman reach understanding on coordinates of route through Hormuz
  • Daily Post Nigeria — ​Iran, Oman agree on new shipping route through Hormuz
  • independent.co.uk — Iran and Oman reach an understanding to reopen Strait of Hormuz
  • Business News Nigeria — Iran, Oman near deal on Strait of Hormuz shipping route as key issues remain