Iran, Oman say they will work on deal for Hormuz transit costs
Strait of Hormuz. (Maps4media/Bloomberg) June 23, 2026 10:28 am, EDT key takeaways: According to a joint statement, Iran and Oman said they would begin negotiations on the future governance of the Strait of Hormuz, including navigation services and transit costs. Officials and industry groups said the discussions matter because traders and allies fear potential tolls