Following diplomatic negotiations, Iran and Oman have agreed upon a temporary maritime corridor for ships passing through the strategically vital Strait of Hormuz. This interim measure was announced by Iran's Deputy Foreign Minister Kazem Gharibabadi on Tuesday. The corridor is intended to alleviate some of the shipping disruptions caused by the ongoing US-Israeli conflict with Iran, which escalated in February, leading to a partial closure of the strait. Although the waterway remains contentious due to its importance for oil and natural gas transport from Gulf producers, Iran has been engaging only with Oman regarding its future management. The new route, which begins in Iranian territorial waters and partially exits through them as well, will be 7 miles wide. However, specific operational details, such as the exact coordinates of the route, safety protocols for vessels, and revenue generation mechanisms, remain undisclosed. The agreement comes amidst global energy shortages due to the regional tensions and soaring crude prices, with the highest Brent crude oil price reaching almost $120 a barrel in March. The US has previously accused Iran of placing mines in the strait, but Iran denies this claim and maintains that following its designated route minimizes risks.