West Asia war LIVE: U.S. expects deal soon on Strait of Hormuz

Iran says it is close to reaching a deal with Oman to manage the strait, which runs between the two countries. But it would be conditioned on the U.S. lifting its blockade, so even if there are no direct negotiations — as Iran says — Trump would have to approve.

It’s unclear whether the deal would allow Iran to charge fees. But it would formalise its control over what had been an open international waterway before the war, one that carried a fifth of the world’s traded oil and gas.

Abdolreza Davari, an analyst who once advised former President Mahmoud Ahmadinejad, said Iran’s effective control of the strait has given it leverage with the U.S. and regional countries that can help guarantee its security.

“More than revenue from the strait, Iran wants to confirm its management and sovereignty over the strait,” he said by phone from Tehran.

– AP