Strait of Hormuz Stalemate: Iran's Price for Opening Up The latest developments in the conflict over control of the Strait of Hormuz have led to renewed speculation about a deal between Iran and Oman.
However, behind the scenes, Tehran appears to be holding out for more than just access to its oil revenues. A U. S.
official has confirmed that Washington is anticipating an agreement soon between Iran and Oman to allow normal oil traffic through the strait, which carries a fifth of the world's oil and gas shipments.