Iran and Oman Reach Strait of Hormuz Revenue Deal

Iran and Oman reached a revenue-sharing agreement on Wednesday to establish a phased framework for resuming shipping transits and clearing sea mines in the Strait of Hormuz. The deal proposes a temporary transit corridor to restore commercial shipping, which has dropped from a daily average of 130 vessels to just 14. Iran warned it will maintain the blockade unless the United States accepts the proposal's terms, including the potential for charging tolls.

Donald Trump dismissed the Iranian threats, asserting that the strait remains functional and open for shipping. The U.S. administration simultaneously intensified pressure on Tehran through Operation Economic Outcast, a campaign involving secondary sanctions on countries doing business with Iran. The Islamic Revolutionary Guard Corps accused Washington of obstructing the diplomatic process and delaying progress on the maritime arrangement.

In Jerusalem, Israeli Prime Minister Benjamin Netanyahu rejected the possibility of a diplomatic agreement with Iran, describing the Iranian leadership as savages. Netanyahu expressed support for the U.S. economic pressure campaign and warned that any further Iranian attacks on Israel would result in a blow much stronger than anything the country has suffered previously.