Iran, Oman to share revenue from Strait of Hormuz deal, IRGC says

Iran and Oman are set to share revenue under an interim arrangement aimed at reopening and managing traffic through the Strait of Hormuz, Tehran’s security forces said Wednesday.

The announcement came a day after the two countries said they had agreed on a temporary framework to restore access to the strategic waterway, with Iran’s Islamic Revolutionary Guard Corps saying the plan would generate income for both Tehran and its neighbor across the strait.

“Agreements have been reached regarding each country’s share of the strait’s waters as well as Iran and Oman’s share of its revenues,” IRGC spokesman Hossein Mohebbi was quoted as saying by the state-run Sepah News agency.

Mohebbi also accused Washington of slowing the process, claiming, “The US is obstructing this process, causing progress to be delayed.”

The Trump administration has repeatedly cautioned both Iran and Oman against imposing transit fees on vessels using the Strait of Hormuz, a route that was free and open before the war.

Neither Tehran nor Muscat referred to fees in Tuesday’s announcement. However, both governments have previously voiced support for collecting payments from ships passing through the Strait to help fund security and management of the waterway.

According to the interim deal, vessels entering the Persian Gulf from the Gulf of Oman would travel through Iranian territory.

Ships leaving the Persian Gulf, by contrast, would move through a route that includes both Iranian and Omani waters.

Along with managing the Strait, Iran and Oman said they would also work together to remove the underwater mines in the waterway, appearing to undercut President Trump’s claim Tuesday that the explosives were gone.

Iran has also warned that its deal with Oman would not immediately allow traffic to return to normal in the Strait of Hormuz, insisting that the waterway would only truly be open once the US submits to its peace conditions.

Trump has repeatedly insisted that the Strait of Hormuz is open, telling conservative radio host Glenn Beck on Wednesday that the waterway was “functioning” despite ongoing attacks on tankers from Iran.

“The strait, it’s functioning, it’s a functioning strait,” Trump said. “Yes, every once in a while there will be a drone or a rocket or something shot, but it is a very functioning strait. A lot of oil is pouring out.”

With Post wires

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

NFL Referee Crew Removed From Primetime Game After Poor Showing

An NFL officiating crew has been reassigned from a high-profile primetime matchup…

Trump Pauses Rally After Struggling to Keep One Eye Open

President Donald Trump briefly interrupted a campaign rally in Daytona Beach, Florida,…

The Diet Experts Say Is Best—and Why It Doesn’t Prioritize Meat

Health experts have unveiled a modern take on the traditional “food pyramid”…

Derby Day Revellers Embrace Glamour and Style at the Races

Thousands of racegoers, dressed predominantly in black and white, flocked to Melbourne’s…

Patrick Stewart’s Estranged Son Pays Tribute After Actor Dies at 86

Daniel Stewart has paid tribute to his father, Star Trek icon Sir…

Red Baron Worker Mocked by Influencer Offers Heartfelt Thanks

A hardworking Red Baron employee who was ridiculed by an influencer in…

Boston Begins Scaling Back Reparations Task Force Plans

Boston officials are weighing whether to delay the release of a long-awaited…

Thomas Markle Spotted After Child Porn Storage Unit Arrest

Thomas Markle, the estranged father of Meghan Markle, has been seen in…

Bigfoot Sightings Surge in an Unexpected East Coast Enclave

Bigfoot hunters are turning their attention to New Jersey, where reports of…

Former President Bill Clinton, 80, Slams Trump Over Iran Strikes

Former President Bill Clinton condemned what he described as “the corruption” of…

Jordon Hudson’s $9M Property Empire Since Dating Bill Belichick

Jordon Hudson, Bill Belichick’s girlfriend, made headlines this week after interrupting the…

Jack Antonoff and Margaret Qualley File for Divorce After Three Years of Marriage

Jack Antonoff and Margaret Qualley have filed for divorce after three years…