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Tehran, Oman agree to share Strait of Hormuz revenues: IRGC

A handout picture provided by the Iranian Foreign Ministry Office, shows Iranian Foreign Minister Abbas Araghchi (R) shaking hands with Omans' Foreign Minister Sayyid Badr al-Busaidi in Tehran, August 25, 2026. (Photo by Iranian Foreign Ministry Office/AFP)
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A handout picture provided by the Iranian Foreign Ministry Office, shows Iranian Foreign Minister Abbas Araghchi (R) shaking hands with Omans' Foreign Minister Sayyid Badr al-Busaidi in Tehran, August 25, 2026. (Photo by Iranian Foreign Ministry Office/AFP)
August 26, 2026 04:39 PM GMT+03:00

Iran and Oman have reached agreements on how revenues from the Strait of Hormuz would be shared, Iran’s Revolutionary Guards said Wednesday, as Tehran and Muscat continue talks over the future of navigation through the strategic waterway.

“During negotiations with Oman, some agreements were made regarding each country's share of the waters of the Strait and Iran's and Oman's shares of its revenues,” Guards spokesperson Hossein Mohebi said.

Mohebi accused the U.S. of “obstructing work” to finalize an agreement.

Efforts to permanently end the war between Iran and the U.S. have stalled, with Tehran’s demand to charge vessels for passage through Hormuz remaining a key dispute. Washington has rejected the proposal.

Commercial vessels and oil tankers preparing to transit through the Strait of Hormuz, one of the most critical strategic waterways for global trade flows, maintain their wait in the Gulf of Oman, June 17, 2026. (AA Photo)
Commercial vessels and oil tankers preparing to transit through the Strait of Hormuz, one of the most critical strategic waterways for global trade flows, maintain their wait in the Gulf of Oman, June 17, 2026. (AA Photo)

Iran, Oman discuss transit corridor

Iran and Oman, which both border the Strait of Hormuz, have been discussing navigation arrangements for several weeks.

Iranian officials have said the geographical coordinates of a route envisioned by the two countries “have been agreed upon.”

On Tuesday, the Iranian and Omani foreign ministers met in Tehran and discussed a framework for a temporary transit corridor through Hormuz, as well as a mine-clearing project in the waterway.

Iran has insisted that the strait will not fully reopen until Washington meets Tehran’s demands, including lifting its naval blockade, removing oil sanctions and unfreezing Iranian assets abroad.

Tehran says US must meet demands

Iran has blockaded the Strait of Hormuz since the war with the U.S. began on Feb. 28.

The waterway normally carries about one-fifth of the world’s oil and liquefied natural gas exports.

Washington has imposed a naval counter-blockade on Iranian ports and threatened new sanctions aimed at increasing pressure on Tehran.

Mohebi said Iran would only “open the strait” if the U.S. met Tehran’s conditions.

August 26, 2026 05:25 PM GMT+03:00
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