War on Iran: Iran and Oman agree on Strait of Hormuz deal
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War on Iran: Iran and Oman agree on Strait of Hormuz deal

Iran says it is close to finalizing a deal with Oman to jointly control the Strait of Hormuz; strait may not be fully open and could include a toll

Iran is nearing a deal with Oman to jointly manage the strategic Strait of Hormuz, a vital shipping route. However, Iranian officials caution that this agreement may not guarantee full access to the strait and could involve tolls for passage.

CBS News CBS News7 August 2026 · 10:43 UTC
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Key Insight
“The potential toll would mark a significant shift in the strait's status as a vital oil shipping route. Iran's statement suggests the deal could still leave the strait partially closed, raising concerns about global energy supply.”
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CBS NewsCBS News
“Iran said it is close to finalizing a deal with Oman to jointly control the Strait of Hormuz, but Iran added that it does not mean the strait will be fully open and it could include a toll.”
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EARLIER IN THE STORY:
Iran's Hormuz deal with Oman has Trump poised for the big surrender; U.S. fails to achieve war aims as Iran gains control
MS NOWMS NOW
Iran's Hormuz deal with Oman has Trump poised for the big surrender; U.S. fails to achieve war aims as Iran gains control

The U.S. signed a memorandum of understanding with Iran on June 17 that acknowledged Iranian control over the Strait of Hormuz, but Trump broke it with threats and lied about its contents.

Fuel PricesHormuz DealIran Oman
2026-08-07
TL;DR by CuriousCats.ai
  • Iran has secured Oman's support for its plan to control the Strait of Hormuz, which could generate tens of billions of dollars annually through tolls.
  • Trump faces a critical decision between surrendering to Iran's control over the Strait of Hormuz or escalating military actions, with surrender appearing to be the least-worst option.
  • In February, Hormuz was open and treated as an international waterway, free to all.
  • On June 17, the U.S. signed an MOU with Iran that provided sanctions relief and did not address U.S. war aims.
  • Iran has demonstrated military assertiveness by shooting at ships, blocking the strait, and firing missiles at U.S. partners.
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