60-Day Arrangement Under DiscussionNegotiators are on the verge of finalizing a 60-day temporary agreement between Iran and Oman to manage commercial shipping through the strategic Strait of Hormuz . Under the framework, all inbound vessels would use a northern shipping lane through Iranian waters, while outbound traffic would utilize a southern lane in Omani waters . No tolls or transit fees would be imposed during this temporary 60-day period . Key Components and TimelineThe parties would also work to clear naval mines from the median shipping lane within 30 days . US Special Envoy Steve Witkoff has held multiple conversations with Iranian Foreign Minister Abbas Araghchi and Omani Foreign Minister Badr al-Busaidi in recent days .