Iran refuses to honor 1968 Iran-Oman shipping pact governing Strait of Hormuz routes

The 1968 pact between Iran and Oman set the main shipping routes through the Strait of Hormuz. The agreement has been the basis for navigation in the narrow waterway for decades. Iran recently announced it will reject the pact. Tehran says the arrangement no longer reflects its interests. The move raises concerns about potential disruptions to global oil shipments. The Strait of Hormuz handles a significant share of world petroleum trade. Oman, a co‑signatory, urged diplomatic dialogue to maintain stability. Analysts warn the rejection could increase regional tension and affect shipping insurance rates.