Will Iran and Oman jointly control traffic in the Strait of Hormuz?

Iran said it is close to finalizing a deal with Oman to jointly control the Strait of Hormuz, but Iran added that it does not mean the strait will be fully open and it could include a toll. Charlie D'Agata has context.

Iranian Foreign Ministry spokesman Esmail Baqaei said on Wednesday that Iran and Oman have reached the “final stages” of a deal for mutual control of the Strait of Hormuz after two months of negotiations.

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

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.