Iran, Oman Discuss 'Interim' Reopening of Strait of Hormuz

Iranian Foreign Minister Abbas Araghchi and his Omani counterpart Badr Albusaidi discussed an “interim framework” aimed at resuming shipping through the Strait of Hormuz, according to a joint statement carried by the Oman News Agency. Bloomberg's Abeer Abu Omar has the latest. (Source: Bloomberg)

Oil prices dropped about 2% on Wednesday, adding to the previous session's losses, on fresh hopes ‌the Strait of Hormuz could reopen after Iran said it had resumed talks with neighbour Oman on managing the strategic waterway.

Iran and Oman held talks in Tehran to discuss the management of traffic passing through the Strait of Hormuz, as well as a joint mine-clearing project. Further negotiations are expected to discuss a permanent solution.

Indian shares gain as oil slides on Strait of Hormuz reopening hopes  Reuters

Iran said it had restarted talks with neighbour ⁠Oman to manage the Strait of Hormuz as it faces heightened economic pressure from US President Donald Trump.

The Strait of Hormuz, through which about a fifth of the world's oil and liquefied natural gas previously passed, has remained largely closed since March.

Tensions remain high as an oil tanker was struck near Oman, and the US has threatened sanctions against countries doing business with Iran

Both countries, however, have previously suggested tolling the crucial waterway.

TOKYO, Aug 26 : Oil prices dropped about 2 per cent on Wednesday, adding to the previous session's losses, on fresh hopes the Strait of Hormuz could reopen after Iran said it had resumed talks with neighbour Oman on managing the strategic waterway.Brent crude futures fell $1.78, or 2.0 per cent, to $86.80 a barrel by 0

‘We are watching every square inch of the Strait,’ Trump says as he claims all mines in the waterway have been destroyed

Iran and Oman propose a temporary shipping corridor through the Strait of Hormuz as oil prices fall despite fresh US sanctions.

By Yomna Ehab CAIRO, Aug 26 (Reuters) - Iran said it had restarted talks with neighbor Oman to manage the Strait of Hormuz as it faces heightened economic pressure from U.S. President Donald Trump in the wider conflict. Iran and Oman have been in on-and-off talks for weeks about controlling traffic through the strategi

Iran and Oman have been in on-and-off talks for weeks about controlling traffic through the strategic waterway, which handled one-fifth of global oil and liquefied natural gas shipments before the war began in February.

Diplomatic efforts to reach a peace deal have stalled and passage through the waterway remains perilous.

Omani FM hopes the two countries will 'soon announce' a joint temporary transit corridor through the Strait of Hormuz.

Iran and Oman hold talks on managing the Strait of Hormuz and other news from around the Middle East  AP News

The two countries are also discussing a joint mine-clearing mission, even as President Trump said the U.S. Navy had already removed all mines from the waterway

Iran and Oman say their top diplomats have met to discuss a phased approach to managing ship traffic through the the Strait of Hormuz

Iran, Oman discuss 'phased framework' to resume safe navigation through Hormuz  Dawn

Interim proposal on managing shipping is first hint of diplomatic progress to reopen the waterway in weeks

Oman and Iran propose temporary shipping lane through Strait of Hormuz Oman and Iran have agreed on a proposed framework to resume safe navigation through the Strait of Hormuz that includes establishing a joint temporary shipping lane and a mine-clearing project in the waterway, they said in a joint statement on

Iran war latest: Oil tanker attacked in Strait of Hormuz off Oman  thenationalnews.com

Oman top diplomat to visit Iran to discuss Hormuz Strait  Arab News

Oman’s foreign minister will travel to Iran on Tuesday, Iran’s foreign ministry said, as Tehran and Muscat seek a way to regulate the passage of ships through the Strait of Hormuz.Badr al-Busaidi will hold the “ongoing political consultations between the two sides, as two littoral states of the Strait of Hormuz, to hel