Iran and Oman have agreed on new coordinates for ships travelling through the Strait of Hormuz. The deal sets out an updated passage arrangement for vessels using the strategic waterway. It marks an agreement between the two countries on how ships should navigate the strait.

IranOmanStrait of Hormuz

Iran and Oman have reportedly reached an understanding on the main outlines of a deal to reopen the Strait of Hormuz. The proposed arrangement would reopen the strategic waterway for 60 days. Saudi-based Al Hadath and Al Arabiya cited high-ranking sources in reporting the development. The reports described the understanding as covering the framework of an agreement rather than a completed final deal.

IranOmanStrait of Hormuzdiplomacy

Iran’s Foreign Ministry says consultations with Oman on establishing a new route through the Strait of Hormuz have reached the “final stage of coordination.” The proposed route has been described by several U.S. media outlets as leading into the Persian Gulf.

IranOmanStrait of Hormuz

An Iran-Oman arrangement concerning the Strait of Hormuz could give Tehran control over shipping traffic, a news agency said. The agency described such a development as one of the major concessions made to Iran so far. The reported deal would therefore affect how maritime movement through the strait is handled.

IranOmanStrait of Hormuzshipping

Li Zixin cautioned that an agreement between Iran and Oman concerning the Strait of Hormuz would create room for maneuver. He said that if the question of control over the strait remains unresolved, the situation is highly likely to escalate further. In his assessment, such an escalation could potentially trigger a new conflict.

IranOmanStrait of Hormuzregional security

Iran and Oman are discussing a transit fee for the Strait of Hormuz. The rate under consideration ranges from 3% to 7%. Iran insists that a fee of 5% to 7% should be introduced.

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Russian Deputy Prime Minister Overchuk said mutual trade between Russia and Kyrgyzstan is growing. The official reported that bilateral trade turnover reached $2.3 billion during the first five months of 2026. The figure covers trade between the two countries over that period.

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Russian President Vladimir Putin said trade turnover between Russia and Kyrgyzstan increased by more than a quarter in 2025. He also stated that over 2,000 companies with Russian capital are operating in Kyrgyzstan. The figures highlight the scale of bilateral commercial ties and Russian business activity in the country.

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The Eastern Economic Forum is scheduled to take place in Vladivostok from September 1 to 4. Organizers plan to sign 380 deals during the event, with their combined value estimated at almost $80 billion.

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Britain approved Paramount Skydance’s $110 billion acquisition of Warner Bros. on Thursday. The deal was cleared on competition grounds. The decision removes a competition-related obstacle to the proposed takeover in Britain.

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