--- title: "Iran and Oman Draft Agreement for Joint Management of Hormuz; UAE Expresses Readiness to Join Strait Security Efforts" type: "News" locale: "en" url: "https://longbridge.com/en/news/281555675.md" description: "Iran's Deputy Foreign Minister stated that shipping activities through the Strait of Hormuz should be conducted under the joint supervision and coordination of Iran and Oman, with the agreement aimed at ensuring safe passage. Following his remarks, the three major US stock indices briefly turned positive, and Brent crude oil retraced more than half of its gains" datetime: "2026-04-02T16:50:08.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281555675.md) - [en](https://longbridge.com/en/news/281555675.md) - [zh-HK](https://longbridge.com/zh-HK/news/281555675.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/281555675.md) | [繁體中文](https://longbridge.com/zh-HK/news/281555675.md) # Iran and Oman Draft Agreement for Joint Management of Hormuz; UAE Expresses Readiness to Join Strait Security Efforts As the situation in the Strait of Hormuz continues to capture global attention, Iran and Oman are advancing a new maritime traffic regulatory agreement, signaling a limited de-escalation. Meanwhile, crude oil prices remain volatile at high levels, and US stocks and global risk assets are experiencing sharp fluctuations, with the market oscillating between "escalating conflict" and "partial easing." On Thursday, April 2, Eastern Time, according to Iran's state media citing Deputy Foreign Minister Gharibabadi, Iran is drafting an agreement with Oman to monitor maritime traffic in the Strait of Hormuz. Shipping activities through the strait are to be conducted under the joint supervision and coordination of Iran and Oman. Subsequently, according to Xinhua News Agency citing UAE media, UAE Minister of State Khalifa stated on Thursday that the UAE is willing to participate in any measures to ensure the safety of navigation in the Strait of Hormuz. He emphasized that the Strait of Hormuz is a vital international waterway governed by international law. The UAE will protect its legitimate rights and interests while also being willing to participate in collective actions to maintain regional stability. Gharibabadi's remarks initially boosted stock market sentiment. The three major US stock indices, which had fallen by more than 1% at the open, all briefly turned positive in early trading. International crude oil retraced some of its gains; Brent crude oil futures, which had risen by nearly 8.5% pre-market, narrowed their gains to about 4.1%, but the overall risk premium remained high. ![Image](https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/8794f8fb-30d6-49aa-9936-5b066d1aafca.jpeg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) However, from a broader perspective, as the world's most critical energy chokepoint, the Strait of Hormuz remains in a de facto "semi-blockade" state, and the supply shock caused by the conflict has not yet eased. ## Iran Plans to Establish a "Regulatory Mechanism" for Passage with Oman According to Iran's state media, Iran is drafting an agreement with Oman concerning vessel passage through the Strait of Hormuz, which will be jointly supervised and coordinated by both parties to regulate shipping order. Iranian Deputy Foreign Minister Gharibabadi stated that this arrangement does not impose restrictions but "aims to promote and ensure safe passage, while also providing better services to vessels transiting the route." Key points include: - Vessel passage must be conducted under the supervision and coordination of Iran and Oman - Emphasis is placed on "safety and service," downplaying "control" terminology - Represents a degree of correction compared to previous hardline stances such as "charging fees" and "restricting vessels from certain countries" This statement contrasts with a previous "fee-collection bill" promoted by the Iranian parliament. That previous proposal suggested charging transit fees for passing vessels or even restricting passage for some countries, which triggered a sharp reaction in international markets. From a policy evolution standpoint, Iran is attempting to shift from unilateral control towards nominal bilateral coordination, leaving room for future diplomatic negotiations or de-escalation. ## From "Blockade Risk" to "Contest for Pricing Power" Although Iran emphasizes that the agreement does not constitute restrictions, the market is more focused on its potential implications: - De facto "conditional passage" "Supervision + coordination" itself implies that passage requires approval, effectively strengthening Iran's control over the strait. Although passage through the Strait of Hormuz is nominally unrestricted, combined with previous reports stating that vessels transiting the strait were required to provide documentation or even pay fees, and some shipping has been forced to sail closer to the Iranian coast, it indicates that control is already occurring in reality. According to CCTV News, Iranian Deputy Foreign Minister Gharibabadi also stated on Thursday that Iran is studying the imposition of transit fees on vessels passing through the Strait of Hormuz. He added that the standards for these fees are still under study and the specific amount has not yet been determined. - Risk of reshaping the global energy supply chain The Strait of Hormuz accounts for about one-fifth of global oil transportation. Current traffic volume has seen a sharp decline, severely disrupting the supply chain, and impacting multiple industries including LNG, fertilizers, and metals simultaneously. - Escalation of geopolitical game Countries like the UK and France are promoting multinational cooperation to ensure waterway safety, while the US stance remains uncertain. Iran is using "rule-making" to strengthen its bargaining chips. US President Trump, in his national address on Wednesday evening Eastern Time, insisted that the energy supply shock would eventually ease but did not clarify how the US would persuade Iran to allow the strait to resume normal traffic. He urged allies reliant on Middle East oil supplies to "take responsibility for safeguarding the security of this waterway themselves." In other words, the agreement between Iran and Oman will not only be a shipping arrangement but also an institutional attempt to control the "sovereignty of the strait." ## Short-Term Outlook: Easing Signals Unlikely to Change High Volatility Pattern Based on current information, the shipping agreement between Iran and Oman releases marginal easing signals, but it does not address the core of the conflict—namely military confrontation and the sanctions game. Passage through Hormuz remains highly uncertain. The market has entered a phase with typical characteristics: - Oil prices remain in a high volatility range - Risk assets are highly sensitive to news - "Geopolitical premium" has become the dominant variable Until a substantial de-escalation of the conflict occurs, any news regarding "technical arrangements" will be more of a short-term disturbance than a trend reversal. ## Related News & Research - [Three Chinese Ships 'Successfully' Make Strait of Hormuz Transit, Foreign Ministry Says](https://longbridge.com/en/news/281363134.md) - [Iran's rescuers search for survivors after strike in Tehran](https://longbridge.com/en/news/280907677.md) - [EU's Kallas On Strait Of Hormuz: Iran Cannot Be Allowed To Charge Countries A Bounty To Let Ships Pass](https://longbridge.com/en/news/281564173.md) - [HOUTHIS: CONDUCTED JOINT OP WITH IRAN & HEZBOLLAH AGAINST TARGETS IN YAFA AREA](https://longbridge.com/en/news/281565764.md) - [Airline Emirates says Iranian nationals barred from entering or transiting UAE](https://longbridge.com/en/news/281300990.md)