【Iran and Oman Near Hormuz Shipping Deal, but Middle East Energy Risks Persist】

Published: Aug 7, 2026 13:49

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Iran said it is close to reaching an agreement with Oman on arrangements to reopen the Strait of Hormuz, with a potential framework under which Iran would manage vessels entering the Persian Gulf while Oman would oversee outbound traffic. However, Iranian sources said key details remain unresolved and Tehran is also seeking the lifting of US restrictions on Iranian ports. At the same time, Iran warned that any renewed US attacks on its infrastructure could trigger retaliation against oil fields, refineries and other energy facilities in Gulf states, while Houthi forces continue to target Saudi oil tankers, leaving regional shipping risks elevated.

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