Overview
- Iran’s foreign ministry said on Wednesday that Tehran and Muscat have agreed the geographic coordinates of a shipping corridor and that a joint statement is in final drafting.
- Negotiators completed a draft that regional and U.S. officials say now needs final approval from Iran’s Supreme Leader and formal acceptance by the United States.
- The emerging arrangement would direct inbound vessels closer to Iran and outbound ships nearer Oman under a temporary framework reported to run about 60 days.
- Key unresolved issues include whether Iran may levy transit or service fees, how U.S. naval measures would change, and whether security guarantees would reduce ongoing attacks on shipping.
- Security incidents continue to threaten reopening, and the corridor’s restoration matters to global energy supplies because the strait once carried about one‑fifth of traded oil and LNG, a dynamic that is increasing political pressure on Washington.