Iran and Oman Nearing Agreement on New Commercial Shipping Route Through Strait of Hormuz

Iran and Oman are reportedly close to finalizing an agreement on new arrangements for commercial shipping through the Strait of Hormuz, which would replace temporary routes with a single path passing through Iranian territorial waters. This proposed deal, which a senior Iranian source indicated would give Tehran control over ships entering the Strait, is awaiting approval from Iran's Supreme Leader. The development comes amidst ongoing regional tensions and concerns about global oil supplies, as the Strait is a critical chokepoint for international energy and trade.