Iran and Oman Reportedly Close to Agreement on Strait of Hormuz Reopening

Iran and Oman are reportedly nearing a deal to reopen the Strait of Hormuz, a vital global shipping route that has been largely closed since February. This waterway typically handles about a fifth of the world's oil and gas supply, making its potential reopening significant for global energy markets and easing economic tensions. While Iran's foreign ministry indicates final stages, some sources suggest details are still under discussion.