Iranian Foreign Minister Abbas Araghchi stated that negotiations between Tehran and Muscat regarding navigation in the Strait of Hormuz are approaching completion.
The comments, reported by TASS and corroborated by Hasht-e Subh Daily, signal a potential diplomatic shift in a corridor that has become a focal point of global shipping risk.
The development arrives as operational disruptions intensify.
The US Central Command (CENTCOM) confirmed earlier today that 35 ships have been rerouted away from the strait due to escalating blockade pressure.
This rerouting underscores the tangible impact of geopolitical tensions on global trade flows, forcing carriers to seek longer, more costly alternatives to maintain supply chain continuity.
The Strait of Hormuz remains the world’s most critical energy chokepoint, handling roughly a fifth of global oil consumption.