Iran Says It Has Agreed Strait of Hormuz Shipping Route With Oman

3-line summary

• Iran's foreign ministry said it has agreed on the geographical coordinates of a shipping route through the Strait of Hormuz with Oman, calling the deal "in the final stages," according to the report.
• Iran's deputy foreign minister said the new route would be temporary, staying open for two to four months, while roughly a fifth of the world's oil and LNG usually passes through the strait, which Iran has largely blocked since the US and Israel attacked Iran in late February.
• The development follows President Trump's warning on Tuesday that Iran would be "hit very hard" if the strait did not reopen soon, and reports that talks had progressed toward resuming shipments this week.

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