Iran, Oman Reach Strait of Hormuz Revenue Sharing Deal

The Libertarian Institute · Aug 27, 2026

Iranian officials have announced that Tehran and Muscat will split the revenue generated by tolls for vessels crossing the Strait of Hormuz. The two countries also agreed to limited military transits through the critical waterway. “Agreements have been reached regarding each country’s share of the strait’s waters as well as Iran and Oman’s share of […]