[SMM Nickel Flash] Iran and Oman to Jointly Manage the Strait of Hormuz

Published: Apr 3, 2026 10:15

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[SMM Nickel Flash] Iran and Oman to Jointly Manage the Strait of Hormuz
Iran and Oman have drafted an agreement to jointly manage shipping through the Strait of Hormuz, according to Iran's Deputy Foreign Minister Gharibabadi. He stated the requirements are not restrictions but aim to facilitate navigation, ensure safety, and provide better services. Even in peacetime, vessel traffic should be under the supervision of the two coastal states. Iran is also studying the imposition of transit fees, though specific amounts have not yet been determined.

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