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Geopolitics

Iranian Foreign Ministry spokesman Baghaei says a possible agreement with Oman on a new shipping route through the Strait of Hormuz will not, by itself, mean the strategic waterway will reopen, Press TV reports

StockNow breaking-news AI analysis

Iran maintains the Strait of Hormuz closure despite shipping agreements with Oman, conditioning reopening on broader security and sovereignty. Investors face potential new transit fees and ongoing supply volatility.

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Stresses that its reopening depends on separate security and sovereignty consideration

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