Proposed Hormuz Agreement Grants Iran Control Over Incoming Gulf Traffic, Sources Reveal

Talks between Iran and Oman have surfaced that might hand Iran a significant say in monitoring ships entering the Gulf through the Strait of Hormuz, according to high-level sources familiar with the situation. This development could mark one of the largest concessions to Iran regarding control of this critical maritime passage.

While President Donald Trump has hinted at an imminent agreement reopening the strait, people close to the negotiations warn that important specifics still need ironing out. One sticking point centers on what "control" actually means and how any inspections would be conducted.

Regional negotiators insist they be involved in overseeing inspections, ensuring that no fees for passage become compulsory. Iran, however, appears determined to establish some authority over vessels heading into the Gulf, with ongoing discussions about whether Tehran's reach should extend to ships leaving the region as well.

There has been no official comment from the U.S. administration yet. Washington has publicly opposed any arrangement that would grant Iran access control over this key trade route. Nevertheless, recent statements from Trump indicate a thaw in the hostilities initiated earlier this year, reflecting political pressure at home against the conflict.

Oil markets reacted moderately; prices edged higher following reports of attacks by Iran-aligned Houthi forces on Saudi vessels in the Red Sea, underscoring ongoing regional tensions impacting global energy flows. Yet crude remains near its lowest point since early July, reflecting a complex mix of supply concerns and geopolitical calculations.

Earlier proposals from Oman were rejected by Iran for allegedly limiting its role. The current draft envisions Iran charging fees for passage, reportedly seeking rates between 5% and 7% of cargo tariffs, whereas Oman is pushing for lower fees around 3%, and the U.S. prefers no levies.

Some suggest making fees voluntary could bridge the divide, but regional dynamics imply shippers might not risk bypassing payments due to potential Iranian threats. U.S. military efforts, including a series of strikes, have failed to undermine Iran's grip on the strait, indicating a stalemate with supplies of critical munitions running low.

The balance of power in the region appears to be shifting, with Tehran gaining influence over one of the world's most vital maritime chokepoints. Given the complexity and sensitivity, any final deal will likely continue to be fragile and closely watched by global energy and security sectors.