U.S., Iran, and Oman Near Temporary Strait of Hormuz Agreement

According to Axios, the United States, Iran, and Oman are nearing an agreement on a temporary transit arrangement for the Strait of Hormuz, with the U.S. aiming to announce the arrangement as early as Wednesday. The 60-day agreement stipulates that vessels entering the Persian Gulf will use the northern route through Iranian waters, while departing vessels will use the southern route through Omani waters, with no transit fees charged. All parties will clear naval mines from the central channel of the strait within 30 days. U.S. envoy Steve Witkoff, Iranian Foreign Minister Abbas Araghchi, and Omani Foreign Minister Badr al-Busaidi have held multiple rounds of discussions recently, and Iran completed its approval process on Tuesday.