Muscat: (RightNow) Iran and Oman have successfully negotiated to open the Strait of Hormuz for oil tankers and commercial ships. Both countries have agreed on the geographical boundaries for safe passage in the Persian Gulf.

According to Reuters, Oman has agreed to give Iran a significant role in managing the movement of ships in the Persian Gulf under the agreement. Iranian sources have stated that Tehran may gain practical oversight of the routes for ships entering the Gulf.

Experts indicate that discussions are still ongoing regarding key issues such as ship returns, inspections, and potential toll fees. A joint declaration will be issued once these matters are agreed upon.

It is noteworthy that progress on the Strait of Hormuz has been ongoing since June 2026, mediated by Oman. Both countries have agreed to establish a joint working group on the future of navigation in the Strait of Hormuz.

It is important to note that the Strait of Hormuz is one of the world’s most crucial waterways, through which 20% of global oil and gas passes. If Iran, Oman, the USA, and other parties agree, a reduction in energy prices is expected.