Proposed Hormuz deal would give Iran control of inbound traffic, sources say

56 SEC(s) ago UPDATED 56 SEC(s) ago Reuters The US has launched "powerful" strikes on Iran in response to attacks on three oil tankers in the Strait of Hormuz. File Photo: Reuters A proposed deal between Iran and Oman to help end five months of war between Iran and the United States would give Tehran control over ships

Unresolved issues remain regarding the specifics of control and fees for using the strait, with differing positions between Iran, Oman, and the US

Before the war, the strait was freely open to all ships with no fees.

DUBAI/RIYADH - A proposed deal between Iran and Oman to help end five months of war between Iran and the United States would give Tehran control over ships entering the Gulf through the Strait of Hormuz, a senior Iranian source and two regional officials told Reuters on Aug 5, one of the biggest concessions yet to Iran

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Proposed Hormuz deal would give Iran control of inbound traffic, sources say  Reuters

DUBAI: A proposed deal between Iran and Oman would give Tehran control over ships entering the Gulf through the Strait of Hormuz, a senior Iranian source and two regional officials told Reuters on Wednesday (Aug 5), in one of the biggest concessions yet to Iran.Despite the apparent step towards yielding to Iranian dema

The heavily-negotiated deal is grounded on continuing the ceasefire between the US and Iran, while sparking talks over a nuclear deal.

About 20% of all global oil traded passed through the waterway prior to the conflict.

By Parisa Hafezi and Timour Azhari DUBAI/RIYADH, Aug 5 (Reuters) - A proposed deal between Iran and Oman would give Tehran control over ships entering the Gulf through the Strait of Hormuz, a senior Iranian source and two regional officials told Reuters on Wednesday, in one of the biggest concessions yet to Iran. Despi

Traffic in the area remains congested, with drivers asked to find alternative routes where possible.