“Iran and Oman were finalizing a draft agreement Wednesday to reopen the Strait of Hormuz that would give Tehran oversight of ships entering the Persian Gulf but wouldn’t let it levy tolls or service fees, people familiar with the matter said,” the Wall Street Journal reports.
“The parties have agreed on the main points of the draft—which would set up an inbound lane near Iran and an outbound lane near Oman—and have shared it with the U.S. countries in the region and Iran’s top leaders, who still needed to sign off, they said.”
