Overview
- Iran and Oman have agreed the geographic coordinates for a new maritime route through the Strait of Hormuz and are finalizing a joint declaration, officials said Saturday.
- Tehran says the corridor alone will not end the blockade and that reopening requires the United States to compensate what Iran calls violations of the June memorandum.
- Reuters and regional officials reported the draft deal could give Iran authority to inspect or control transiting vessels and allow transit fees, proposals the United States rejects.
- Attacks on commercial ships continue, including a UAE report of a missile strike, keeping navigation unsafe and complicating any immediate return to normal trade.
- Because the strait carries about one‑fifth of global oil and LNG flows, a new regime that runs partly in territorial waters raises legal questions about freedom of navigation and could push energy prices higher if tensions persist.