Iran, Oman agree on new Hormuz shipping route

Iran, Oman agree on new Hormuz shipping route

Iran and Oman have agreed on the geographical coordinates for a new shipping route through the Strait of Hormuz, potentially granting Tehran oversight of vessels entering the Gulf. The arrangement, still under final review, marks a significant concession to Iran amid ongoing tensions following the US-Israel war. Key details remain unresolved, and sources caution that a final deal is not imminent.

Source: Moneycontrol

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