Iran and Oman Reach Agreement on Strait of Hormuz Passage
Iran and Oman finalized a new agreement on August 29, 2026, regarding maritime passage routes through the Strait of Hormuz. The deal aims to regulate shipping traffic in the strategic waterway amid heightened regional tensions. This diplomatic move occurs as Iran faces increased economic pressure from the United States under 'Operation Economic Outcast,' which Tehran has characterized as a form of economic warfare intended to destabilize the regime and its regional influence.