Geopolitics
Iranian Deputy Foreign Minister says Tehran has proposed to Muscat that Iran manage one-way shipping transit on one side of the Strait of Hormuz, while Oman would part of the opposite direction
StockNow breaking-news AI analysis
Iran's proposal to manage Hormuz shipping transit signals a shift toward sovereign control, threatening mandatory fees and accelerating global investments in bypass infrastructure like IMEC and regional pipelines.
News detail
The Omanis said we should design a route that would be 50 percent controlled by Iran and 50 percent controlled by Oman. We said this would not address Iran's concerns. We said that the entry route should be completely under Iran's control and a part of the exit route should be under Iran's control. If they accept this, we will move on to the next stage.
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