SQUAWK/NEWS
Account
Theme
Account
Menu
Live News GEOPOLITICS ARTICLE H impact

Iran-Oman Strait of Hormuz memorandum keeps reopening uncertain

Iran’s deputy foreign minister says a memorandum with Oman on the Strait of Hormuz does not mean the strait will reopen tomorrow, while inbound/outbound routes shift to a temporary 7-nautical-mile corridor.

CL

Iran's deputy foreign minister said a memorandum with Oman on the Strait of Hormuz does not mean the waterway will reopen tomorrow.

Under the accord, inbound and outbound routes to the Persian Gulf will run through Iranian and Omani waters respectively in a temporary two-way corridor about 7 nautical miles wide.

He said the strait has become a national security issue, that vessels have mainly used Omani waters over the past 58 years and Iran has suffered serious damage, and that Tehran and Muscat will negotiate a permanent route within 30—60 days.