The United States will lift its blockade of Iranian ports once an agreement is announced restoring commercial shipping through the Strait of Hormuz, a US official told Reuters on Friday, adding that Washington expects a deal soon.
The proposed arrangement would regulate commercial passage through waters controlled by Iran and Oman, while Washington continues to insist that the strait remain open to shipping without impediments.
Reuters reported that Tehran had sought fees equivalent to 5% to 7% of cargo values, while Oman discussed charges of around 3% and Washington opposed fees altogether. Shipping and insurance sources warned that payments to Iranian authorities could conflict with US sanctions and insurance requirements.
Read more: Iran-Oman plan could reshape Strait of Hormuz shipping
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