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Iran says it is close to finalising a deal with Oman on the future management of the Strait of Hormuz, a key shipping route at the centre of tensions between Tehran and Washington.
The proposed arrangement would establish new shipping routes through the strategic waterway, but questions remain over how the strait will be jointly managed. Iran says it is not holding direct talks with the United States, while diplomatic channels continue through intermediaries.
Traffic through the Strait of Hormuz has sharply declined since the start of the US-Iran conflict, raising concerns over global energy supplies and maritime security.
Al Jazeera examines the latest developments, Iran’s strategy, Oman’s mediation role and what the potential deal could mean for wider regional tensions.
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