Iran and Oman have agreed on a specific route for vessels transiting the Strait of Hormuz and are finalizing arrangements for the joint management of the waterway, according to Iran's foreign ministry.
The development marks a tangible step toward stabilizing maritime traffic in one of the world's most critical energy corridors, even as broader geopolitical tensions remain unresolved.
The agreement, mediated by Oman, aims to establish a predictable framework for shipping through the strait, which handles roughly a fifth of global oil consumption.
By defining a clear transit route, the two nations seek to reduce the immediate risk of accidental escalation or deliberate disruption that has kept insurance premiums and freight rates elevated in recent months.
However, the United States remains a significant obstacle to a comprehensive resolution.
Iranian officials have indicated that a lasting diplomatic understanding is contingent on Washington ceasing its interference in the negotiations.