Iran indicates willingness to reopen Strait of Hormuz, demands transit fees and security guarantees

Iran and Oman are negotiating a deal to split control of the Strait of Hormuz, potentially reshaping global energy transit. While a shaky ceasefire holds between the U.S. and Iran, Iran expresses willingness to reopen the waterway provided it receives transit fees and security guarantees. However, the U.S. and Gulf states have rejected these fee demands, insisting on the reopening and security guarantees first, highlighting ongoing geopolitical tensions impacting global energy markets and stability.