Citing a source close to Iran's negotiating team, the semi-official Tasnim news agency said that the understanding was reached after "intensive technical and diplomatic talks between Iran and Oman, which culminated in a final agreement in late August."
Under the understanding, the Gulf's entry route "lies entirely within Iran's territorial waters," and a portion of the exit route also falls "within Iranian territorial waters," the source said.
However, the understanding does not provide for the immediate reopening of the Strait of Hormuz but establishes the basis on which it could reopen, according the source.
The source said the arrangement would be a step towards Iran exercising sovereignty over the strait and that its reopening depended entirely on the United States meeting Tehran's conditions.
