A proposed deal between Iran and Oman that aims to give Tehran control over ships entering the Gulf through the Strait of Hormuz is not easily workable due to US sanctions and restrictive insurance clauses on any payments, four industry sources tell Reuters.
Control of the strait has been the biggest sticking point in efforts to end the Middle East War.
Under the latest proposal, Tehran will be able to intervene if necessary with any inbound traffic, while outbound traffic would follow a route between Iran and Oman, with exit clearance granted through Oman after notifying Iran, a senior Iranian source has told Reuters this week.
The ability of merchant ships to navigate international waterways “safely, predictably and without unnecessary impediment is fundamental to resilient supply chains, economic stability and energy security,” the world’s leading shipping associations have said in an open letter this week.
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