Iran and Oman prepare Hormuz deal as U.S. holds back on secondary sanctions - CNBC

Latest News About Gulf shipping faces risks as Iran maintains waterway closure

Iran states that the Strait of Hormuz stays closed to maritime ships. The waterway is currently closed. Iran and Oman are now arranging a deal for a protected sea lane. Oman called the talks positive. At the same time, the United States is pausing further restrictions connected with the conflict.

Iran also released a blacklist for petroleum vessels in Gulf waters. This list creates fresh hazards for moving crude across the region. Moving oil remains risky now. Iran and Oman continue discussing maritime corridors. Even so, Iran insists that the Strait stays closed.

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