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Iran, Oman Working on Hormuz Shipping Deal, Oil Climbs, More
Source: Bloomberg
Geopolitics & WarEnergy Markets & PricesTransportation & Logistics
Iran and Oman are working on a shipping agreement covering the Strait of Hormuz, a critical global oil transit route. Oil prices climbed on the development, reflecting the potential significance for energy supply flows and regional geopolitical risk, though no deal terms or price move magnitude were provided.
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