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Despite signs of progress, significant obstacles remain. U.S. officials have indicated they will not accept any agreement that effectively gives Iran control over international shipping or allows Tehran to collect transit fees. Shipping companies have also raised concerns that paying Iranian authorities could violate U.S. sanctions, invalidate insurance coverage, and conflict with international maritime law.
The Strait of Hormuz is one of the world’s most critical maritime chokepoints, handling a substantial share of global oil and liquefied natural gas exports. Any disruption or reopening of the waterway can have major consequences for energy markets, shipping costs, and global trade.
Negotiations are continuing, and while Iranian officials say a deal is close, no final agreement has yet been announced. The remaining disputes—including U.S. conditions and the legal framework for managing the shipping lanes—must still be resolved before the arrangement can take effect.