The importance of HormuzNearly a fifth of global crude passes through the Hormuz, making it extremely significant to maintain the global supply chain balance. Can a Hormuz deal end the conflict? Earlier, they had said the potential agreement would have ships enter the Persian Gulf through an Iranian-controlled route and exit through a route controlled by Oman. The US, however, has said that Iran charging fees is against the agreement and the Hormuz must remain free for all vessels. ALSO READ:'Were set for biggest attack since World War II': Trump refers to Venezuela to push Iran for a deal