Iran, Oman reach revenue-sharing deal for Strait of Hormuz shipping
Iran and Oman have agreed on revenue sharing from Strait of Hormuz shipping fees, Iran's IRGC announced, while blaming US obstruction for delays.
Iran's Islamic Revolution Guard Corps (IRGC) announced on Wednesday that negotiations with Oman have produced agreements on the division of the Strait of Hormuz's waters and the revenues generated from shipping fees through the strategic waterway.
IRGC spokesman Hossein Mohebbi told reporters that the two countries have settled their respective shares of the strait's waters and the income derived from vessels passing through it. He reiterated that the waterway remains under Iranian control and that no ship can transit without Tehran's permission.
Mohebbi attributed the prolonged negotiation process to what he called US "obstructionism." He suggested that if Washington returns to the peace memorandum of understanding it signed with Iran in June, the strait could be reopened within the agreed framework.
The announcement comes amid ongoing tensions in the region, with the strait serving as a critical chokepoint for global oil shipments. The talks between Iran and Oman were seen as a potential step toward easing maritime tensions in the area.