Iran and Oman Agree Temporary Hormuz Shipping Route, but Full Reopening Hinges on US Sanctions Relief

Iran and Oman agreed August 25 to a temporary Strait of Hormuz shipping route through Iranian waters, giving Tehran partial control over exit routes. Iran says the strait — closed since early March and previously carrying over one-fifth of global oil and gas — will not fully reopen until the US lifts sanctions and unfreezes Iranian assets.