October 01, 2026
Oman and Iran are working on a plan to manage commercial navigation through the Strait of Hormuz, a major trade route whose operations have been affected by the US-Israel war on Iran. The countries have agreed on shipping routes for inbound and outbound commercial vessels. The arrangement aims to ensure that commercial vessels pass through the strait safely and that transit-related obstructions are reduced, while protecting both countries’ territorial rights. Commercial operations in the Strait of Hormuz affect transport costs, supply chains, crude oil prices and oil availability globally.
