Iran has rejected Oman’s proposal to equally divide shipping routes through the Strait of Hormuz, instead proposing a temporary arrangement that would place one entire transit lane and part of the opposite lane within Iranian territorial waters, Deputy Foreign Minister Kazem Gharibabadi said on Tuesday.
The disagreement is a setback to efforts to reopen one of the world’s most important energy shipping routes after months of conflict involving Iran, the United States and Israel.
Before the crisis, about 100 ships passed through the Strait of Hormuz each day, including tankers carrying around 20 million barrels of oil and petroleum products daily, or roughly one-fifth of global oil consumption.
Speaking on Iranian state television, Gharibabadi said Oman had proposed splitting the shipping lanes equally, with one route running through Iranian waters and the other through Omani waters.
Iran rejected the proposal, saying it does not meet the country’s security concerns.
Instead, Tehran proposed
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