Iran's Foreign Ministry said the two countries are preparing a joint statement outlining the agreement. DUBAI: Iran and Oman have reached a preliminary understanding on the geographic coordinates of a proposed shipping route through the Strait of Hormuz, marking a significant step toward restoring commercial navigation through one of the world’s most strategically important waterways. According to officials familiar with the negotiations, the proposed arrangement would establish separate navigation channels for vessels entering and leaving the Persian Gulf, with Iran and Oman coordinating traffic management. However, several issues, including operational details and other outstanding provisions, are still under discussion before any final agreement is reached. Any agreement to improve maritime navigation could have major implications for regional security and global energy markets