Iran will seek to bar U.S. and Israeli ships from the Strait of Hormuz and require compensation from hostile countries before they’re allowed to use it, according to local media reports on a proposed Iran-Oman deal to manage the crucial waterway.
The agreement has become key to expectations for a reopening of Hormuz and a resumption of energy flows that have been throttled since the U.S. and Israel attacked Iran in February.
The text is now under review in Iran’s parliament, the semiofficial Fars news agency said. Fars reported other details including a proposed ban on cargo related to Israel, and a fee structure covering services like insurance and environmental costs.