Iran and Oman make progress on a deal to reopen the Strait of Hormuz, officials say

Regional officials announced on Tuesday that Iran and the Gulf Arab state of Oman have made progress toward an agreement to reopen the Strait of Hormuz. According to the officials, the potential breakthrough could assist in winding down the ongoing conflict in the Middle East.

Under the terms of the emerging arrangement, maritime traffic would utilize designated corridors for transit. Ships would enter the Persian Gulf via an Iranian-controlled route and exit through a route overseen by Oman, with service fees applied to vessels using the passage.