IRAN, OMAN SAID NEARING DEAL THAT WILL RESTORE US TRUCE, GIVE TEHRAN SOME CONTROL OVER HORMUZ

Iran and Oman said they are close to a deal that would restore the U.S.-led truce in the Strait of Hormuz and grant Tehran limited control over the shipping lane, according to a report by The Times of Israel. The agreement would potentially reopen the strait for up to 60 days, pending final terms.

The Times of Israel notes that while the deal would allow U.S. and allied vessels to transit Hormuz again, several issues remain unresolved, including whether Iran will impose transit fees and the precise extent of its control. Iran has warned Gulf states that it will strike them if the U.S. launches new attacks, and the Houthi movement has claimed it struck two Saudi tankers. The Times of India reports that Iran says the deal with Oman has been reached, and U.S. President Trump said on CBS that the agreement could be finalized today or tomorrow.

The Strait of Hormuz is a critical chokepoint for about a quarter of global oil shipments, making any change in access a significant geopolitical event. Tensions have risen after U.S. airstrikes on Iranian targets and Iranian attacks on shipping.

• Iran and Oman are nearing a truce that would restore U.S. vessels' passage through Hormuz and grant Tehran some operational control.
• The deal would open the strait for 60 days, may include transit fees, but several details are still pending.
• Iran has threatened Gulf states with retaliation if the U.S. resumes attacks, while the Houthis claim they struck Saudi tankers.

Read the original source for full detail available at The Times of Israel src