Thursday, August 6th saw Iran claim it is close to completing a deal with Oman on the future control of the Strait of Hormuz.
Some reports hypothesise that, moving forward, Tehran would then control ships entering the Gulf through the strategic waterway. This would involve charging shipping for safe passage—in contrast to the wishes of the U.S. Trump administration, which opposes fees. Iran has also described this as a temporary arrangement projected to last 2–4 months, Oman has yet to comment.
Esmaeil Baqaei, a leading Islamic Republic foreign policy mouthpiece, described the agreement as “in the final stages.” Estimates from various sources estimate the proposed transit fees would cost 2–7% of the value of the contents of each vessel.
