Iran and Oman finalize shipping route agreement for Strait of Hormuz
World · 6 August 2026
Written by AI from multiple news reports
Iran and Oman have nearly finished an agreement on a new shipping route through the Strait of Hormuz. Officials announced the deal in early August 2026.
The two countries have agreed on exact coordinates for the route. It is different from the existing northern and southern passages through the strait.
Iran wanted to charge ships a fee of five to seven percent of their cargo's value. Oman suggested around three percent. The United States wanted no fees at all.