Iran and Oman are close to finalizing an agreement covering the Strait of Hormuz, but the deal hinges on third parties staying out of the arrangement, according to officials familiar with the talks. The accord is designed to improve regional stability and maritime safety in the strategic waterway, while reducing external influence in the area.
What the agreement covers
The pact focuses on joint measures to ensure safe passage through the Strait of Hormuz, a narrow channel that handles about a fifth of the world's oil shipments. Both countries have long sought to manage security in the strait without outside involvement. The agreement aims to formalize coordination between Tehran and Muscat on navigation rules, emergency response, and patrols.
The third-party condition
A key sticking point has been the role of other nations. The deal is expected to proceed only if external powers refrain from participating or interfering. This condition reflects Iran's longstanding opposition to foreign military presence in the region, particularly from the United States and its allies. Oman, which often mediates between Iran and Western nations, appears to have accepted this requirement to move the talks forward.
Why the strait matters
The Strait of Hormuz is one of the world's most critical oil chokepoints. Roughly 20 million barrels of crude pass through it daily. Any disruption there can send global energy prices soaring. Iran has periodically threatened to close the strait during tensions, while Oman has historically sought to keep it open. The new agreement could reduce the risk of confrontation by establishing clear rules of the road.
Negotiators are still working on the final text. The two countries have not set a public deadline for signing, but sources say the remaining differences are narrow. The main unresolved question is how to define and enforce the third-party condition without alienating Oman's other partners. Once signed, the deal will need to be ratified by both governments before taking effect.
