Vessels are seen anchored in the Strait of Hormuz, off the port city of Khasab on Oman's northern Musandam Peninsula on May 17, 2026. (Credit: AFP)
Iran and Oman are "very close" to reaching an accord on a new shipping route through the Strait of Hormuz, Iranian Foreign Minister Abbas Araghchi said on Saturday, though he said there would be conditions, including compensation for what Tehran says were U.S. violations of the Islamabad memorandum of understanding.
Iran and Oman were discussing a temporary shipping route while technical and legal issues surrounding a permanent route were resolved, Araghchi added.
Iran and Oman are "very close" to reaching an accord on a new shipping route through the Strait of Hormuz, Iranian Foreign Minister Abbas Araghchi said on Saturday, though he said there would be conditions, including compensation for what Tehran says were U.S. violations of the Islamabad memorandum of understanding.
Iran and Oman were discussing a temporary shipping route while technical and legal issues surrounding a permanent route were resolved, Araghchi added.
Israel advances toward Zawtar Gharbieh as it shells Ali Taher heights