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Source:
The Fiscal Times
The Fiscal Times
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Efforts to reach an agreement on the future control of the Strait of Hormuz are ongoing, with the U.S. optimistic about a possible deal but concerns about delays and regional tensions remaining. Iran claims negotiations are limited to Oman and seeks a temporary arrangement that grants Iran significant control over the waterway, conflicting with U.S. desires for international oversight. Despite efforts to negotiate a two-way corridor, disagreements persist over Iran's role, legal frameworks, and potential impacts on global oil supplies.
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