In recent hours, many publications have appeared, which prove that the Hormuz crisis is most likely moving towards settlement. At least, it seems that some solution has been found.
Let me remind you that Iran insists on its right to collect fees from all the ships that pass through the Strait of Hormuz. However, there is an important circumstance here. the strait has two banks and the second bank belongs to Oman.
The Sultanate of Oman probably wouldn’t mind having another source of income, but doesn’t want to escalate the situation and doesn’t charge any fees for the cruises for now. Especially since the current situation gives Oman the role of a special mediator.
Neither side wants to set a precedent for imposing mandatory tolls on ships passing through the strait, as this could undermine the existing system of international agreements, have a negative impact on the global fuel market, and have far-reaching consequences.
Instead, it is proposed to create a fund that will be financed by the Gulf countries and the European states using this route. The money collected will be used to finance the cost of navigation, environmental protection and search and rescue operations. A similar model operates in the Strait of Malacca.
Axios writes that the US, Iran and Oman are close to signing a temporary agreement on Hormuz for a period of 60 days, and the White House may announce it soon.
According to the temporary agreement, ships entering the Gulf will pass through the northern (Iranian) route, and those leaving the Gulf through the southern (Omani) route. At the same time, the parties will start demining the water area and negotiate a permanent agreement.
In general, there is a circumstance in these positive developments, and according to publications, the circles of the Iranian government with the most rigid stance have not yet agreed on this agreement.
Let’s hope that a peaceful resolution over Hormuz will be reached and favorable conditions will be created for final negotiations on a lasting peace in the region.
Former RA Deputy Defense Minister Artak Zakaryan
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