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Oman Provides Free Strait of Hormuz Transit
The Sultanate of Oman announced the continued opening of the Strait of Hormuz to maritime traffic without imposing fees, in coordination with the International Maritime Organization to provide temporary routes north and south of the current passages. This measure aims to ensure the safe passage of ships amidst escalating security tensions in the region and their impact on global trade. This comes especially after disruptions caused by the Iran war, which led to a decline in shipping activity and energy markets.
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