Iran and Oman have reached an agreement to share shipping revenue in the Strait of Hormuz, according to infohub.kz.
Earlier reports indicated that Tehran was in talks with Muscat to establish a temporary safe route through the strait. Hossein Mohebi, an official representative of Iran's Islamic Revolutionary Guard Corps (IRGC), revealed what the parties had agreed upon during the discussions.
"During these negotiations, agreements were reached regarding the share of each party in the waters of the strait, as well as the share of revenues for Iran and Oman," Mohebi was quoted as saying by the IRGC press service.
He added that the strait will remain closed until the United States accepts Iran's conditions, which include a cessation of hostilities "on all fronts" and the lifting of the naval blockade.
It is worth recalling that earlier, the details of the memorandum on Hormuz were disclosed by Iran's Foreign Ministry, stating that only commercial vessels would be allowed to pass through the strait.
Previously, U.S. Treasury Secretary Scott Bessent announced that Washington is launching a "major financial offensive" against Iran, calling it "D-Day."