Iran’s Foreign Ministry has said that talks with Oman over future transit routes through the Strait of Hormuz have been “moving forward”, with the coordinates of the routes now agreed upon. He said that under the planned arrangement, large parts of the shipping route would go through Iran’s territorial waters, and some parts would also pass through Oman’s waters. While existing temporary routes would be closed, the new route would be used for a period of two to four months or potentially longer, Gharibabadi explained. AdvertisementResumed strikes have disrupted about 20 percent of the world’s oil and liquefied natural gas (LNG) exports, leading to price increases. Moreover, Baghaei emphasised that the closure of the waterway was due to “US military aggression and the Zionist regime’s aggression against Iran”.