Iran and Oman negotiate future management of the Strait of Hormuz

Iran and Oman are advancing talks on the joint administration of the Strait of Hormuz. On 23 June, Iranian parliament speaker Mohammad Bagher Ghalibaf met Omani officials in Muscat, and both sides later issued a statement confirming their commitment to cooperate under paragraph 5 of the U.S.–Iran agreement to set future navigation and maritime services in the strait.

The two countries have established a joint committee to work out the details of navigation, potential tolls, and related services. Iran’s chief of the main insurance regulator, Mousa Rezaei, announced the creation of a new insurance company dedicated to the strait, while the Iranian‑established Strait Authority now requires vessels to register and obtain mandatory insurance, currently offered free of charge. Oman’s foreign minister Badr Albusaidi emphasized that Oman seeks safe passage without tolls, and the United States, through Secretary of State Antony Blinken, reiterated that no nation may impose fees on an international waterway. The negotiations also involve inviting other Gulf coastal states to the discussion.