Iran and Oman have reached an agreement to share revenue from the Strait of Hormuz, according to Iran's Islamic Revolutionary Guard Corps. The deal comes as part of an interim arrangement to reopen and control the strategic waterway. The agreement was announced by Tehran's security forces, marking a step toward stabilizing the region.
The deal follows ongoing discussions between Iran and Oman, with both nations working to establish a framework for managing the strait. A senior Iranian source confirmed that negotiations are still in progress, though the revenue-sharing plan represents a key development. The agreement is seen as a response to growing concerns over the security and flow of oil through the strait.
The United Nations Security Council has been briefed on the situation, with a Palestinian envoy warning that Israel's annexation policies have reached a point of no return. Meanwhile, Tehran has emphasized that the Hormuz agreement does not signal the strait is open, highlighting the complexity of the regional dynamics.
The revenue-sharing plan is expected to provide financial benefits to both countries while addressing the challenges of maintaining security and operational control over the vital maritime passage.
