Iran and Oman have reached an agreement to share revenue from a deal aimed at reopening and controlling the Strait of Hormuz, according to Iran's Islamic Revolutionary Guard Corps (IRGC). The announcement follows an interim agreement Tuesday to temporarily open the vital shipping lane.
IRGC spokesman Hossein Mohebbi stated that agreements have been finalized regarding each nation's portion of the strait's waters and their respective shares of the revenues. He also claimed that the United States is hindering the process, causing delays.
The Trump administration has previously warned Iran and Oman against imposing fees for passage through the Strait of Hormuz, which was described as free and open before a prior conflict. While neither Iran nor Oman mentioned fees in their announcement of the interim deal, both countries have expressed support for collecting funds from ships transiting the strait to cover management and security costs.
Under the terms of the interim agreement, ships traveling from the Gulf of Oman into the Persian Gulf will navigate through Iranian territory. Outbound traffic will traverse parts of both Iranian and Omani waters.
In addition to managing the strait, Iran and Oman have committed to collaborating on the removal of underwater mines in the waterway. This initiative appears to contradict President Trump's recent assertion that the mines had been cleared.
Iran has also indicated that the deal with Oman will not immediately restore normal traffic in the Strait of Hormuz. Tehran insists the waterway will only be fully open once the U.S. agrees to its conditions for peace.
President Trump has consistently maintained that the Strait of Hormuz remains open and functional, despite ongoing attacks on tankers attributed to Iran. He recently stated on a radio program that the strait is "functioning" and that significant amounts of oil are still being transported through it, acknowledging occasional incidents involving drones or rockets.