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Iran and Oman Reach Deal to Share Strait of Hormuz Revenue

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Iran and Oman have agreed to share revenues generated from navigation through the Strait of Hormuz, a critical global waterway. Both nations are coastal states bordering the strait and have been engaged in discussions over its future for several weeks. Tehran confirmed that the geographical coordinates of a jointly envisioned navigation route have been formally agreed upon. The agreement marks a significant step in bilateral cooperation over one of the world's most strategically important shipping lanes.

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Iran and Oman Reach Deal to Share Strait of Hormuz Revenue · ShortSingh