Geopolitics

Iran says Iranian-Omani negotiations regarding joint arrangements for managing the Strait of Hormuz have reached important stages, Al Mayadeen reports, citing sources

StockNow breaking-news AI analysis

Iran and Oman are nearing a deal on managing the Strait of Hormuz under intense U.S. pressure, potentially easing immediate energy supply risks and lowering oil prices.

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Iran believes this measure allows it to impose complete control over navigation and contributes to preventing accidents in the Strait of Hormuz.Oman is still holding consultations and discussions regarding this proposal, which Iran insists on implementing.

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