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Iran Says Hormuz Deal With Oman Is Close
Source: Bloomberg
Geopolitics & WarTrade Policy & Supply ChainTransportation & LogisticsEnergy Markets & Prices
Iran said an agreement with Oman to manage shipping through the Strait of Hormuz is imminent, potentially increasing Tehran's control over one of the world's most critical energy-shipping chokepoints. The development raises geopolitical and supply-chain risks, including uncertainty over the US response and potential disruption to oil and LNG flows through the waterway.
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