Understanding reached on coordinates for shipping route through Hormuz, Iran says
Joint statement with Oman is being finalised, but Tehran says deal alone would not guarantee waterway’s security

TL;DR
- Iran and Oman have reached an understanding on geographic coordinates for a shipping route through the Strait of Hormuz.
- A joint announcement is being finalized, contingent on the non-interference of certain third parties.
- The proposed deal could give Tehran control over ships entering the gulf via the strait.
- This agreement is viewed as a potential step towards a broader US-Iran ceasefire and reopening the strait for marine traffic.
- Iranian officials stated that the deal itself would not guarantee security in the waterway and that important details are still pending.
- The Strait of Hormuz was a neutral waterway before joint US and Israeli strikes in February led to Iran attacking shipping.