Iran and Oman have reached an agreement on the revenue sharing from the strategic Strait of Hormuz, according to an Iranian Revolutionary Guard Corps (IRGC) spokesman. The deal outlines each country’s share of the strait’s waters and revenue, marking a significant step in bilateral cooperation.
The agreement comes as the United States continues to express concerns over regional developments. US President Donald Trump has threatened to take military action against Oman if it does not align with US interests, particularly regarding the evolving deal. This tension highlights the complex geopolitical landscape surrounding the region.
Iran has also emphasized that the agreement does not imply the strait is open to unrestricted passage. Tehran maintains that the deal focuses on revenue sharing and does not affect the strategic control of the waterway.
Despite the agreement, officials from both sides indicate that discussions are ongoing, with a senior Iranian source confirming that work continues on finalizing the terms of the accord. The situation remains closely watched by international observers.
