Iran Says Deal With Oman Near to Establish Alternative Route Around Hormuz

Iran has announced it is close to finalizing an agreement with Oman regarding an alternative route to the Strait of Hormuz. The deal is described as respecting the sovereignty of both nations involved. The Strait of Hormuz is a critical global energy chokepoint, with roughly 20 percent of the world's oil supply passing through it under normal conditions. Iran has effectively held control over the strategic waterway since the onset of the conflict in the region. Specific details about the proposed alternative route have not yet been made public.
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