BY TYLER DURDEN
WEDNESDAY, AUG 05, 2026 – 05:00 PM
Summary
- Iran says Hormuz route is agreed: Tehran says it has finalized a shipping route with Oman, blaming U.S. actions for delaying a final agreement.
- Tehran claims victory: Iranian officials say the deal would lock in Iran’s wartime gains and strategic leverage over Hormuz.
- Mixed messages: Trump says a deal could come within days, while Iran insists the talks are only with Oman.
- Draft outline emerges: Reports outline Iranian oversight of inbound traffic and Omani management of outbound shipping.
- High stakes as pressure eased on markets, but geopolitical tensions high: A deal could ease energy market fears while leaving Iran with more influence over Hormuz than before the war.
Iran-Oman Route ‘Agreed To’ as Iran Warns Against US ‘Interference’
A statement from Iran’s Foreign Ministry warns that the United States and military ‘interference’ remain the biggest obstacles to a final Hormuz deal to reopen the strait:
Esmaeil Baqaei: The geographical coordinates of the route proposed by Iran and Oman in the Strait of Hormuz have been agreed upon. If some third parties do not obstruct this process, the joint statement between the two countries is in the final review and drafting stage. The understanding between Iran and Oman, in itself, cannot guarantee the safety of the Strait for passing ships, because the factors that create insecurity in the Strait of Hormuz, particularly those stemming from the United States, such as the naval blockade and other aggressive and threatening actions against Iran and its interests, still exist.
Latest details from Financial Times:
Initially, Iran would send ships, including oil tankers, through the waterway to ensure it is free of mines before the strait opens to other shipping, FT reports citing sources
- Ships would not be charged fees during the temporary arrangement, the people added.
- If a deal holds and the strait reopens, the US would lift its naval blockade on Iranian ports and reinstate a waiver to allow Iran to sell oil and petroleum-related products, one of the people said.
Iranian pundits and state media continue touting this as a ‘victory’ over the US-Israeli war of aggression:
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