Hassan Kashkavi, spokesman for Iran’s parliament National Security and Foreign Policy Committee, said Iran and Oman have agreed the overall framework of a memorandum of understanding on navigation through the Strait of Hormuz; the final text and specifics will be published shortly. A preliminary Iranian draft published Aug. 6 outlines a strategic management plan that would bar hostile parties from transiting the strait and impose fines of up to 20% of cargo value for violations. Iran says arrang

Hassan Kashkavi, spokesman for Iran’s parliament National Security and Foreign Policy Committee, said Iran and Oman have agreed the overall framework of a memorandum of understanding on navigation through the Strait of Hormuz; the final text and specifics will be published shortly. A preliminary Iranian draft published Aug. 6 outlines a strategic management plan that would bar hostile parties from transiting the strait and impose fines of up to 20% of cargo value for violations. Iran says arrangements should be negotiated only with Oman and rejects external involvement; U.S. President Trump said on Aug. 6 the U.S. is participating in talks.