US, Iran, Oman 'close' to Strait of Hormuz deal amid escalating regional tensions

Diplomatic efforts between Iran and Oman are reportedly nearing an agreement for a new shipping route through the crucial Strait of Hormuz amidst escalating regional tensions. Iran's foreign ministry has indicated that geographical coordinates for a navigable channel have been agreed upon, with a joint statement on a provisional arrangement in its final stages. Under the proposed deal, vessels would enter the Persian Gulf through Iranian waters and exit via Omani waters. While U.S. President Donald Trump has expressed optimism about progress, the United States continues to advocate for unrestricted passage under international maritime law, opposing any transit fees or formal Iranian control over the vital waterway, and maintains a naval blockade on Iranian ports.

This push for a shipping deal unfolds against the backdrop of an ongoing "2026 Iran war" that began in February 2026 following U.S.-Israeli airstrikes on Iran. Iran retaliated by obstructing passage through the Strait, a critical chokepoint for global oil and gas shipments, which has caused significant disruptions to international trade and energy markets. The conflict has involved reciprocal missile and drone attacks by Iran against U.S. forces and allies, with U.S. and Saudi forces responding by striking Iranian-backed militias in Iraq. These Iranian-allied militias, including Houthi rebels in Yemen, remain active in the region, posing continued security challenges to shipping and regional stability.