Iran's Islamic Revolutionary Guard Corps has announced that it reached an agreement with Oman on how the two countries will divide revenue generated from the Strait of Hormuz, according to a report by the Arabic-language news outlet العربية.
The announcement was made public on Wednesday, August 26, 2026. The Revolutionary Guards did not provide specific details on the percentage split or the timeline for implementation, as reported by العربية.
The revenue-sharing deal is part of a broader set of understandings between Tehran and Muscat. According to Monte Carlo International, the two nations have also agreed to establish a joint maritime corridor and to cooperate on clearing mines from the strait. The Saudi outlet Sabq reported that Oman and Iran are moving toward declaring a temporary shipping lane in the waterway, with Pakistan relaying messages from the United States in connection with the discussions.
The Strait of Hormuz is a critical chokepoint for global oil shipments, and any agreement affecting its operation carries significant implications for international energy markets. The talks between Iran and Oman come amid ongoing regional tensions over shipping security in the Gulf.
The agreement was also highlighted by Oman's foreign minister in a social media post following a meeting with his Iranian counterpart in Tehran, as noted by CNN Arabic. The details of that meeting and the diplomatic exchanges surrounding it remain limited.
Observers will be watching whether the temporary maritime corridor is formally implemented and how the revenue-sharing arrangement is applied in practice, given the strait's importance to global trade.
