Iran and Oman reach Hormuz deal, but reopening hinges on US compliance

Iran and Oman have reached agreement on their share of the Strait of Hormuz and its revenues, but the vital waterway will not be reopened if the US does not accept their conditions, Iran’s Revolutionary Guards said on Wednesday.

Iran and Oman have held on-and-off talks for weeks ‌about controlling traffic through the strait, which handled one-fifth of global oil and liquefied natural gas shipments before the war began in February.

Most shipping has since been shut down, driving global energy...