Iran Outlines Terms for Restoring Hormuz Shipping

August 28, 2026

Iran Outlines Terms for Restoring Hormuz Shipping
© ink drop / Adobe Stock

Iran is preparing a list of conditions for reopening the Strait of Hormuz after mediators asked Tehran to set them out, said Mohsen Rezaei, secretary of Iran's Supreme National Security Council, adding that ending the regional war was among them.

Rezaei said Iran had agreed with Oman on a shipping corridor through the strait, with parts of the route in Omani waters and parts in Iranian waters. Ships would use a designated central channel if the U.S. met Iran's conditions, he said through an interpreter in an Al Manar TV interview.

On Wednesday, a senior source said Iran and Oman were still working on details of an agreement on the waterway after Iran's Revolutionary Guards said the two countries had agreed on how to share control of the strait and its revenues.

A Guards spokesperson said Iran would not allow the strait to reopen unless Washington lifted what Tehran describes as a blockade of Iranian ports while also paying compensation and removing sanctions.

Before the war began in February, the strait carried roughly one-fifth of global oil and liquefied natural gas shipments. Shipping through the waterway has largely stopped since then. Ceasefire agreements announced by Washington and Tehran in April and June were intended to restore maritime traffic, but did not hold.


(Reuters - Reporting by Elwely Elwelly, Ahmed Tolba and Enas Alashray; Editing by Franklin Paul and David Gregorio)

Boskalis’ Windpiper Starts Maiden Job at Polish Wind Farms

September 10, 2026

Boskalis’ Windpiper Starts Maiden Job at Polish Wind Farms

LNG Prices Projected to Spike; European Stocks Dwindle

September 17, 2026

LNG Prices Projected to Spike; European Stocks Dwindle

Windward Offshore Completes Four-Vessel Vard-Built CSOV Fleet (Video)

September 7, 2026

Windward Offshore Completes Four-Vessel Vard-Built CSOV Fleet (Video)

Italy Cuts Red Tape to Boost Domestic Oil and Gas Output

September 11, 2026

Italy Cuts Red Tape to Boost Domestic Oil and Gas Output

Saudi Oil Lifeline Shut After Attack as Red Sea Threat Grows

September 14, 2026

Saudi Oil Lifeline Shut After Attack as Red Sea Threat Grows

Oil Goes Down 2% as Saudi Supply Concerns Recede

September 18, 2026

Oil Goes Down 2% as Saudi Supply Concerns Recede