Hormuz deal nears, but shipping warned risk will remain ‘extreme’
- Tehran says coordinates for a new transit corridor have been agreed, with a joint Iran-Oman statement in the final stages of drafting
- Proposed arrangement could pave the way for renewed US-Iran negotiations and ease months of disruption to one of the world’s most important maritime chokepoints
- Despite the prospect of a breakthrough agreement, attacks on commercial shipping continue unabated, with UKMTO reporting a fresh security incident in the Strait of Hormuz earlier on Thursday
- Security consultants warn any agreement could formalise Iran’s influence over inbound and outbound traffic, while war risk assessments remain at ‘extreme’
Iran and Oman are edging towards an agreement on future shipping routes through the Strait of Hormuz, but a fresh wave of attacks and warnings of continued Iranian influence over vessel movements are tempering hopes of a swift return to normality
