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[INTERNATIONAL] · Iran, Oman, United States · 6 sources

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Iran and Oman negotiate maritime framework for Strait of Hormuz

Iran and Oman are negotiating a maritime framework agreement to regulate the Strait of Hormuz, aiming to restore commercial shipping traffic that has been disrupted by ongoing hostilities. The proposed plan includes the creation of a temporary navigation corridor and mine clearance operations. Under the discussed arrangement, inbound cargo vessels would transit through Iranian territory, while outbound vessels would use a shared route between Oman and Iran. One aspect of the negotiations involves a potential prohibition on the presence of warships in the strait.

Despite these diplomatic efforts, the United States has expressed strong opposition. Donald Trump has criticized the joint management of the waterway and warned Oman against actions that might impede American interests.

Shipping data shows that while visible commodity vessel transits at the Strait of Hormuz rose slightly to 10 on Wednesday, this remains below the 10-day moving average of approximately 15 vessels. The geopolitical uncertainty has impacted energy markets, with Brent crude oil prices falling by approximately 2.17% as markets monitor the progress of the talks.

Entities

Badr al-Busaidi · Donald Trump · Iran · Oman · Strait of Hormuz · United States

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