Iran and Oman are close to an agreement to fully reopen the Strait of Hormuz to shipping traffic that would see both countries collect a so-called “service fee” to cover environmental and security costs. Vessels exiting the strait from the Persian Gulf would take a route near Oman’s coast along the south side of the strait. 3 Iranian President Masoud Pezeshkian speaks during an interview on Tuesday, Aug. 4, 2026, in Tehran, Iran. Saeed Ajorlu, a member of Tehran’s negotiating committee, told state broadcaster IRIB that such an arrangement would be in effect for one to three months “where Iran is dominant.” Getty Images3 Vessels transit through the Gulf of Oman off the coast of Muscat on Saturday, July 25, 2026.