Iran and Oman are close to an agreement on managing the Strait of Hormuz, finalizing a shipping map to ensure safe transit, according to Iranian state media. The deal follows a series of attacks in the waterway, which previously carried a fifth of the world's oil and gas. The US, not party to the talks, is unlikely to accept terms that don't restore free passage.
Iran, Oman near Hormuz shipping deal as attacks rise
Source: Moneycontrol