Oman-Iran Strait Deal Near
Iran and Oman are moving toward signing a temporary agreement to open the Strait of Hormuz for 60 days. The deal would grant Iran navigational sovereignty and allow it to impose fees ranging from 5% to 10% on goods. According to an American official, the announcement of the agreement is expected soon, and the blockade of Iranian ports will be lifted once the deal is reached, with American measures remaining in place until Iran commits to implementing the terms of the agreement.
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