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Oman and Iran negotiate maritime passage
Oman and Iran have been exploring a transitional framework to establish a temporary maritime corridor through the Strait of Hormuz. The goal is to organize ship movements and mitigate transportation disruptions caused by regional tensions. Recently, the strait has seen two competing routes: a northern route near Larak Island preferred by Iran, and a southern route close to the Omani coast used by ships protected by the United States. This agreement requires security understandings and information-sharing mechanisms. Its aim is to reduce the risks posed by threats and the high insurance costs—amounting to millions of dollars per vessel—while acknowledging ongoing dangers of attacks and the need for security guarantees before resuming full cargo operations. The proposed phased approach is part of joint efforts by Tehran and Muscat to reduce tensions and promote navigation stability. This includes Iranian commitments not to plant new mines and efforts to lower uncertainty in the oil market and improve shipping conditions.
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