Iran and Oman agree on Strait revenue sharing
The Sultanate of Oman condemned the attacks on ships in the Strait of Hormuz and is still negotiating with Iran regarding the passage of oil tankers. Iran has assigned 45 ships to control the strait and has permitted Iraqi oil tankers to pass. Additionally, the Omani government announced the results of negotiations with Iran concerning the sharing of revenue related to the strait. Oman also achieved a record production of 233.8 million barrels of oil by the end of July, an increase of 11.3% daily. Diplomatic efforts between the sultanate and Iran continue to strengthen relations and address regional tensions.
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