Iran says it is close to finalising an agreement with Oman to reopen the strategically important Strait of Hormuz, a key route for global oil and LNG shipments. The proposed framework includes joint management of shipping while negotiations continue amid ongoing regional tensions. The development comes as security incidents in the Gulf highlight persistent risks to commercial vessels. A reopening of the Strait could help stabilise global energy markets and ease pressure on oil supplies. Watch this report for the latest updates on the Iran-Oman talks and their global impact.

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