Iran rejected on July 11, 2026, an Omani proposal to establish two separate shipping corridors through the Strait of Hormuz, demanding instead a joint management framework with its neighbor. This strategic waterway, roughly 21 miles wide at its narrowest point, handles approximately 20% of global oil output every day. A memorandum signed on June 17 between the United States and Iran had established a 60-day toll-free navigation window for commercial vessels, but at least five ships have been attacked since its implementation, with the attacks attributed to the Islamic Revolutionary Guard Corps. The United States and the United Kingdom are preparing an international conference to stabilize maritime security before this window expires.
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