Iran Says Hormuz Deal Is Close, But Waterway Won’t Fully Reopen

Iran said that a deal with Oman over the Strait of Hormuz was nearly finalized, but stressed this alone would not reopen the vital waterway. The strait separates the two countries and has been central to a conflict that began in February after US and Israeli strikes on Iran.

Iran’s foreign minister said talks with Oman were very close, but reopening the route fully depends on other conditions, including US compensation, an end to threats against Iran and its allies, and the lifting of sanctions.

Oman Calls Negotiations Constructive, Condemns Ship Attacks

Oman called the negotiations positive and constructive while condemning ongoing attacks on ships in the strait. The UAE said Iran struck a tanker linked to its state oil company with a missile, though no injuries were reported.

A US official said Washington would lift its blockade on Iranian ports once a deal is formally announced, tied to Iran meeting its commitments. Meanwhile, rising prices for basic goods inside Iran have accelerated since the war began.

Earlier reports suggested a deal would give Iran significant control over Gulf shipping access, something US officials have previously rejected.