
Iran and Oman Draft Agreement for Joint Management of Hormuz; UAE Expresses Readiness to Join Strait Security Efforts

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Iran's Deputy Foreign Minister stated that shipping activities through the Strait of Hormuz should be conducted under the joint supervision and coordination of Iran and Oman, with the agreement aimed at ensuring safe passage. Following his remarks, the three major US stock indices briefly turned positive, and Brent crude oil retraced more than half of its gains
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