Iran-Oman Strait of Hormuz revenue-sharing deal

Iran and Oman have reached an interim understanding to jointly manage commercial shipping traffic through the Strait of Hormuz, which has been largely shut down for nearly six months since the Iran war began. Under the proposed framework, inbound traffic from the Gulf of Oman would pass entirely through Iranian waters, while outbound traffic would use both Iranian and Omani territorial waters. The deal also includes revenue-sharing between the two countries and cooperation on removing underwater mines. Iran's Deputy Foreign Minister Kazem Gharibabadi stated that if the understanding becomes binding, no military vessels would be permitted to transit the strait. The United States, through President Donald Trump, has opposed parts of the deal, including joint management of the exit route, and Trump has threatened to bomb Oman if it obstructs U.S. interests. The interim arrangement is temporary, with negotiations on a permanent maritime traffic scheme expected within 30 to 60 days. The deal has not yet been finalized, and Iran has warned that the strait will only fully reopen once the U.S. meets its peace conditions. Meanwhile, other regional developments continue: Israeli strikes in Gaza persist despite a fragile ceasefire, United Arab Emirates — Dubai International Airport reported a sharp passenger decline due to the war, the USS Abraham Lincoln (CVN-72) is making a stopover in Thailand, Germany ended its military mission in Iraq's Kurdistan region, and Human Rights Watch criticized Houthi court proceedings in Yemen.