WorldProposed Hormuz passage deal not feasible for shipping industry, sources say

A proposed arrangement between Iran and Oman would give Tehran control over ships entering the Gulf through the Strait of Hormuz. Four industry sources said the plan would be difficult for shipping companies to implement. They pointed to U.S. sanctions and restrictive insurance clauses covering any payments as key obstacles to making the deal workable.

IranOmanStrait of Hormuzshipping

RReuters★★★★☆2026-08-06 17:01Original