The United States and Iran have agreed to hold talks following a recent escalation of tensions around the Strait of Hormuz, a crucial maritime passage for global oil shipments, according to a U.S. official. This announcement comes as both sides move to de-escalate after a series of retaliatory attacks involving vessels in the region and U.S. allies in the Middle East.

The tensions reportedly intensified after steps perceived to diminish Iran’s control over the strait. One such action involved the U.S. Central Command collaborating with the International Maritime Organization to escort ships through the Omani side of the Strait of Hormuz. This move was seen as a challenge to Tehran’s influence, particularly after Oman publicly declared it did not support implementing a toll system for passage through the waterway.

“The Omani statement of no tolls really undercut the Iranian position,” the source said, indicating this played a major role in igniting Tehran’s hostile response.

In retaliation, Iran conducted attacks on commercial vessels within the strait and targeted U.S. allies in the region. However, the official indicated that both parties have now agreed to cease hostilities ahead of upcoming peace negotiations scheduled for Tuesday in Qatar.

The talks are expected to address ongoing maritime security concerns as well as broader regional issues, including Iran’s role in Lebanon. Further complicating the situation, Iran has reportedly been frustrated by its inability to secure new buyers for its oil despite the recent lifting of U.S. sanctions, a development that may have heightened its sense of economic and strategic pressure.

The agreement to meet follows heightened exchanges that raised fears of a wider confrontation over control of the strait, a vital chokepoint through which a significant portion of the world’s oil supply transits. Both the U.S. and Iran have appeared motivated to avoid further escalation amid the potential for increased disruption to global energy markets. The forthcoming dialogue in Qatar presents an opportunity for both nations to address their differences through diplomacy rather than continued conflict.