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Source:
The Fiscal Times
Officials advance plan to reopen Strait of Hormuz
Iran and Oman are making progress toward a deal to reopen the Strait of Hormuz, potentially allowing ships to pass through an arrangement where Iran controls inbound routes and Oman manages outbound routes, with service fees for security. Negotiations are ongoing and may involve conditions related to lifting U.S. sanctions and the blockade on Iran’s ports. The potential agreement could be a significant strategic victory for Iran, while the U.S. seeks to maintain control over transit lanes and prevent Iran from gaining full control of the strait.
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