NDTV·2 min read·medium
"Respects Sovereignty Of Both": Iran Says Close To Hormuz Deal With Oman
✦AI Summary
Iran has announced it is nearing a deal with Oman regarding the strategic Strait of Hormuz. The agreement aims to respect the sovereignty of both nations while maintaining control over the vital oil transit route.
Details of the new route were not immediately clear, but Iran has effectively maintained control over the strategic waterway, through which around 20 per cent of global oil consumption passes on normal days, since the outbreak of war.
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