Iran and Oman have reached an understanding on the outlines of an agreement to reopen the Strait of Hormuz for 60 days, Saudi-based Al Hadath news channel and Al Arabiya news channel reported Thursday, both citing high-ranking sources.

Vessels entering the strait will use a route close to Iran, while those leaving will take one close to Oman. No transit fees or service charges will be imposed, and regional parties may participate in demining and technical procedures, the sources said.

The sources said the agreement, which still needs approval by Iran's Supreme National Security Council and could be announced within days, aims to resume navigation in the waterway.

Following the agreement's approval, the United States and Iran will return to their peace memorandum of understanding (MoU) and activate Paragraph 5 concerning the reopening and safe navigation of commercial shipping through the strait, the sources said.

Indirect contacts between Iran and the United States remain through mediators and have entered their final stage, the sources added.

Iran tightened its grip on the strait on February 28, barring safe passage of vessels belonging to or affiliated with Israel and the United States following their joint strikes on Iranian territory.

In June, Iran and the United States signed the MoU on ending the war on all fronts, including Lebanon. The two sides were scheduled to hold negotiations within a 60-day period to reach a final agreement, but recent escalation in the region has left the talks' fate uncertain.