Iran, Oman finalising deal to reopen Strait of Hormuz

Iran and Oman are nearing a deal to establish a new shipping route and joint management framework to reopen the Strait of Hormuz. While the UN supports the move, Iran maintains that a full reopening depends on the U.S. ending its naval blockade. The agreement aims to stabilize a critical energy artery, though regional security risks and geopolitical tensions persist.