Iran and Oman Near Deal on Strait of Hormuz Shipping Route

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Iran has announced it is close to finalising a shipping route agreement with Oman concerning the Strait of Hormuz. An Iranian foreign ministry spokesman confirmed the deal is in its final stages, though no specific details were disclosed. The Strait of Hormuz is a strategically vital waterway through which a significant share of the world's oil passes. The announcement signals diplomatic engagement between Iran and its Gulf neighbour Oman on maritime navigation issues.

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