Story perspectives
Iran, Oman Draft Strait Shipping Framework Amid US Opposition
8/8/2026
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Iran-Oman Framework
- Iran and Oman announced on August 6-7, 2026 that they were drafting a framework to manage shipping through the Strait of Hormuz.
- The draft deal is viewed as potentially failing to ensure safe, affordable passage and risking continued oil-market volatility.
- Iranian officials said the U.S. naval blockade is the main source of strait instability.
- U.S. officials refused any deal that gives Iran control of the waterway or permits fees.
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