Iran and Oman are negotiating a new framework to restore shipping through the Strait of Hormuz. The proposed arrangement aims to divide transit routes between the two nations to mitigate conflict and stabilize global energy markets.

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The proposed Iranian-Omani split-route mechanism

Under the emerging agreement, maritime traffic would be organized through a dual-route system. Ships would enter the Persian Gulf via a route controlled by Iran and exit through a route managed by Oman. The report says this system would involve service fees to fund security measures and environmental protection.

This arrangement targets a waterway that is vital to the global economy, as one-fifth of the world's traded oil and gas transited the strait before the current conflict. By formalizing these routes, the deal seeks to reverse the damage caused by Iranian attacks on ships, which have previously triggered spikes in the prices of fuel and fertilizer.

Marco Rubio’s opposition to Iranian maritime control

The success of the negotiations depends heavily on the reaction of the United States , which currently maintains a blockade on Iranian ports. Any deal that formalizes Iran's control over the strait would represent a significant strategic victory for Tehran, potentially prrompting Washington to block the agreement entirely.

U.S. Secretary of State Marco Rubio has already signaled his resistance to such an outcome. As the report notes, Rubio has previously ruled out any arrangement that grants Iran conrtol over the waterway, characterizing such a move as a significant strategic threat to international security.

The two-week deadline for the June interim agreement

The current push for a deal follows a previous attempt at stability that failed earlier this year. In June, both sides reached an interim agreement to reopen the strait and initiate 60 days of talks aimed at resolving the dispute over Iran's nuclear program and ending the regional war.

However, that initial agreement collapsed due to escalating hostilities focused on the strait itself. With the original 60-day window nearing its end,the parties are now facing a deadline that is approximately two weeks away to reach a new consensus.

The unidentified projectile strike near the Omani coast

Recent violence continues to threaten the stability of the region despite the diplomatic progress. the UK Maritime Trade Operations Center reported that a cargo ship was recently hit by an unknown projectile in the strait off the coast of Oman.

The British maritime security firm Ambrey confirmed the ship sustained damage, but several critical details remain unknown. The report does not clarify which flag the vessel was sailing under, the nature of its cargo, or the identity of the attacker.. It remains to be seen whether this incident will derail the ongoing talks between Iran and Oman.