Iran's new Hormuz deal with Oman is far from resolving its war with the US
This diplomatic breakthrough marks a new lull, both for the markets and for the region. However, the agreement between Iran and Oman remains temporary and is limited to the strategic route.
Following the resumption of hostilities between Washington and Tehran last month, Iran and Oman have reached an accord on the management of the Strait of Hormuz. The two countries agreed on the geographical coordinates of the maritime routes to be used through the strategic waterway, as a temporary arrangement until a permanent solution can be reached. This paves the way for a return to the negotiating table.As the main mediator, Pakistan said it hoped to revive the memorandum of understanding signed on June 17 by the American and Iranian presidents, to resume technical-level talks and reach a final deal.The Islamic Republic has made the reopening of the strait conditional on the U.S. lifting its blockade on Iranian ports and halting its attacks and threats. It also highlighted the disruptive potential of third parties that could hinder...
Following the resumption of hostilities between Washington and Tehran last month, Iran and Oman have reached an accord on the management of the Strait of Hormuz. The two countries agreed on the geographical coordinates of the maritime routes to be used through the strategic waterway, as a temporary arrangement until a permanent solution can be reached. This paves the way for a return to the negotiating table.As the main mediator, Pakistan said it hoped to revive the memorandum of understanding signed on June 17 by the American and Iranian presidents, to resume technical-level talks and reach a final deal.The Islamic Republic has made the reopening of the strait conditional on the U.S. lifting its blockade on Iranian ports and halting its attacks and threats. It also highlighted the disruptive potential of third parties that could...
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