Iran and Oman have reached an agreement on the division of control over the Strait of Hormuz and the revenues generated from the vital waterway, but Iran's Revolutionary Guards said on Wednesday that the strait would not be reopened unless the United States accepts the terms.
The two countries have held on-and-off negotiations for about a month over the management of traffic through the strait, a critical global energy chokepoint that handled roughly one-fifth of the world's oil and liquefied natural gas shipments before the war began in February.
