Iran Proposes Safe Passage for Ships on Oman Side of Hormuz: Report
The proposal could restore normal shipping through the strait and ease disruptions that have trapped hundreds of tankers and 20,000 seafarers.
- Iran has offered to allow ships safe passage through the Omani side of the Strait of Hormuz, a source said, though the proposal hinges on Washington meeting Tehran's demands.
- Since the war began on February 28, hundreds of ships and 20,000 seafarers have been trapped in the Gulf, disrupting about 20% of global oil and gas supplies through the 34 km wide strait.
- This proposal marks a shift from Tehran's recent threats to impose tolls and sovereignty on the waterway, which the International Maritime Organization warned would "set a dangerous precedent."
- U.S. President Donald Trump said on Wednesday the war "was close to over," though control over the Strait remains a key issue in ongoing negotiations.
- It remains unclear if Tehran will clear mines or permit passage for ships linked to Israel, leaving the waterway's status uncertain as conflict nears potential resolution.
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According to energy experts, much remains unclear. It may take weeks before pump prices normalize.
Iran signals possible Hormuz shipping relief if U.S. deal is reached
Iran has floated a proposal to let commercial vessels move freely along the Omani side of the Strait of Hormuz if negotiations with the United States produce a deal that prevents a renewed military confrontation.
Iran is considering allowing ships to pass through the Omani part of the Strait of Hormuz as part of negotiations with the United States. However, only if an agreement can be reached to prevent a resumption of the conflict.
Oil prices drop below $95 and Asian stocks hit record highs as Iran peace hopes grow
Brent crude opens 0.4 per cent lower at $94.55 a barrel after reports Iran could consider allowing ships to sail freely through the Omani side of Strait of Hormuz
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