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Oman navigates tensions over possible tolls in strategic Strait of Hormuz amid US-Iran pressures

Market News
03 Jul 2026
CNBC
View Source
Neutral
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Oman is mediating talks with Iran on a new maritime security order for the Strait of Hormuz, a vital passage for global oil flow. Iran seeks to impose transit fees, but the US strongly opposes any toll system, threatening sanctions. Oman uses strategic ambiguity to balance pressures from both sides, aiming to maintain its neutrality and comply with international law. The outcome could impact shipping costs and regional stability, with markets currently underestimating governance risks in the strait's management.

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