Iran and Oman held discussions on safe transit through Strait of Hormuz
FXStreet
Last updated: May 18, 2026
Iran and Oman held technical discussions in Oman to negotiate a mechanism for financial transactions between the two countries. This meeting occurred during the European trading session on Monday, as announced by Iran's foreign ministry spokesperson. The aim is to establish a framework that facilitates future financial exchanges.
- The discussions involved technical teams from both nations, focusing on the specifics of setting up a new mechanism for financial transactions. This initiative is part of efforts to enhance economic cooperation and circumvent existing international financial restrictions. The foreign ministry spokesperson confirmed the meeting took place last week. The objective is to create a more direct and efficient channel for financial exchanges, potentially impacting trade and investment between Iran and Oman. Further details regarding the specific nature of the mechanism or its operational scope were not immediately disclosed, but the meeting signifies a step towards normalizing financial dealings.
