The Saudi Al-Hadath channel reported today (Thursday) from a senior source that Iran and Oman have reached an understanding on the general outlines for reopening the Strait of Hormuz, one of the world’s most strategic and sensitive shipping lanes.
According to the report, the outline still needs the approval of Iran’s Supreme National Security Council. If approved, it is expected to last 60 days, during which time navigation in the Strait will resume after a period of tension and uncertainty in the region.
The senior source claimed that the expected agreement does not include imposing transit fees or service fees on ships that will pass through the Strait. It was also reported that regional factors may participate in mine clearance and other technical procedures required to resume maritime traffic.
According to the report, after the agreement is approved, the parties are expected to return to the Islamabad understandings and activate Article 5, as part of the effort to regulate the opening of the Strait and prevent further escalation in the Gulf region.