Russia said it is lifting its advisory urging citizens to avoid travel to Gulf countries, following a U.S.-Iran memorandum of understanding aimed at ending military conflict and de-escalating tensions in the region.
Iran has granted a 60-day deferral for the duration of further negotiations with the United States, and during this period, Tehran will not demand payment for services related to safe passage through the Strait of Hormuz, the Fars agency reported, citing a source.
Azerbaijan Airlines is preparing to launch a flight from Baku to Muscat. Its presentation took place in the capital of Oman.
Seven OPEC+ countries have decided to increase their oil production quotas by 188,000 barrels per day (bpd) in July, thus bringing the alliance's total quota for July to 35.83 million bpd, excluding overproduction compensation for countries violating the OPEC+ deal, OPEC said.
Iranian assets could be made available to Persian Gulf countries to cover damage already inflicted by the Islamic Republic — or any future harm it may cause. Which assets are involved, however, has not yet been disclosed.
The United States has pressed Oman to pick a side and cut diplomatic ties with Iran, according to The Wall Street Journal.
Iran said the work is underway with Oman to draft an agreement to govern the Strait of Hormuz, with a senior lawmaker stressing that only the two countries have the right to decide how the strategic waterway is managed.
Iran’s Foreign Ministry on Thursday sharply condemned overnight U.S. strikes in the south of the country, accusing Washington of undermining the ceasefire.
Oman and Iran have held talks to discuss principles of ensuring safe navigation in the Strait of Hormuz, the Omani foreign ministry said.
Iran will soon resume dialogue with Oman on developing new shipping regulations in the Gulf region, particularly in the Strait of Hormuz, Iran's Foreign Ministry Spokesman Esmaeil Baghaei announced on Monday.
The blockade of the Strait of Hormuz is creating an economic split among oil exporters in the Persian Gulf, with Saudi Arabia and Oman set for a windfall and others including the UAE seeing a drop in petrodollar income, Bloomberg reported.
Iranian Foreign Minister Abbas Araghchi called on regional countries to reconsider their security principles and establish a new system without US participation.
Fortunately, there are no victims or fires
Eight leading OPEC+ countries have decided to increase oil production by 206,000 barrels per day (bpd) in May (compared to April levels), the organization’s statement said.
Representatives from the Iranian and Omani Foreign Ministries discussed the situation with shipping in the Strait of Hormuz and options for unimpeded passage of vessels.
Muscat is working to restore safe shipping in the Strait of Hormuz, the Omani Foreign Ministry announced.
The White House declared that the United States is prepared to target power plants in Iran. It stressed that such action would be necessary if Iran does not reopen the Strait of Hormuz soon.
Iran's Supreme Leader Mojtaba Khamenei has said attacks against Turkey and Oman were not carried out by Iran or its allied forces.
Omani Foreign Minister Badr bin Hamad Al Busaidi has stated that a ground operation in Iran is inevitable to achieve Israel's objectives, though Washington is seeking to avoid such a scenario.
Iran intends to develop new rules for ships passing through the Strait of Hormuz after the end of the war with the United States and Israel, Iranian Foreign Minister Abbas Araghchi said.
