Iran nears Strait of Hormuz deal
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Iran and Oman are in the final stages of a joint agreement to manage commercial shipping in the Strait of Hormuz, the Iranian foreign ministry said.
US-Iran war news LIVE: Oil prices extended gains on reports that Iran attacked “hostile targets” in the Strait of Hormuz, with Tehran seeking to bar US ships from the critical waterway in a deal with Oman.
U.S. officials have repeatedly insisted they would never agree to Iran controlling access to the world's most important trade route for energy supplies.
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Iran agrees with Oman on Hormuz commercial shipping route
Tehran: Iran and Oman have made progress in talks on establishing a safe commercial shipping route through the Strait of Hormuz, Iranian Foreign Ministry spokesperson Esmaeil Baghaei has said. He also mentioned that Tehran has no plans for senior officials to visit Pakistan or Qatar this weekend.
Trump threatened Tehran with "decapitation" Monday, before Yemen's Iran-backed Houthis claimed to have struck a Saudi airport.