GeopoliticsIMPORTANT
US official says there is progress between Oman and Iran on the Strait of Hormuz, and we expect a deal soon
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The U.S. is prepared to lift its naval blockade of Iranian ports as negotiations between Iran and Oman for a temporary 60-day shipping corridor in the Strait of Hormuz near finalization.
News detail
Once a deal is announced to restore commercial shipping without impediments, US will lift blockade of Iranian ports. US actions will continue to be performance based-and tied to Iran's implementation of its commitments.
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