Iran: Will reach a navigation agreement with Oman on the Strait of Hormuz "within days"

BlockBeats News, September 7 - According to Bloomberg, Iranian Foreign Ministry spokesman Esmail Baghaei said on Monday that Iran and Oman have reached the final stage of an agreement on shipping management in the Strait of Hormuz, expected to be completed within days. The two sides plan to establish a temporary safe passage and submit the relevant arrangements to the International Maritime Organization for filing.

Baghaei stated that negotiations between the two sides are progressing "very smoothly" and expressed hope that they will not be affected by third-party interference. If the agreement is finalized, it could facilitate more tankers and commercial vessels passing through this globally critical energy transit route and reduce the risk of Iranian attacks on shipping.

Currently, approximately 7 million barrels of crude oil and refined products pass through the Strait of Hormuz daily, far below the pre-conflict level of about 20 million barrels per day. However, the planned strengthening of shipping management in the strait by Iran and Oman may also signal further consolidation of Iran's practical control over this key waterway. The United States, meanwhile, hopes to restore the strait to its pre-war state of free passage, and clear differences remain between the two sides' positions.

The US-Iran conflict has now entered its seventh month, with the blockade of the Strait of Hormuz continuing to drive up prices of crude oil, fuel, and natural gas, while intensifying global inflationary pressures. At the same time, US diesel prices have hit record highs, and rising energy costs are also placing greater political pressure on the Trump administration.