Iran and Oman to Announce Strait of Hormuz Transit Corridor Deal

A bilateral agreement between Iran and Oman declaring the Strait of Hormuz a transit corridor is expected to be announced today, according to reports. The deal has been described as strictly bilateral.

However, Iranian officials have indicated that the agreement does not necessarily guarantee the waterway is safe for vessels. The Strait of Hormuz is a critical chokepoint for global energy shipments.