Iran losing grip on Hormuz as ships shift to Omani route

Iran losing grip on Hormuz as ships shift to Omani route

Over 80% of vessels transiting the Strait of Hormuz in the past two weeks have used a UN-authorised route off Oman, according to Kpler data cited by CNN. The shift signals Iran's weakened control over the strategic waterway despite its opposition and attacks, with US naval protection enabling the alternative route and impacting Tehran's ability to collect transit fees.

Source: Moneycontrol

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