NewzIranian Foreign Minister Abbas Araghchi announced that negotiations between Iran and Oman regarding the management of the Strait of Hormuz are approaching a formal agreement. The discussions focus on establishing new arrangements for the strategic waterway, which serves as a critical global transit point for oil and maritime trade.
Despite the progress in regional talks, Araghchi stated that the full reopening of the Strait remains contingent upon the United States. Iran maintains that the U.S. must first address alleged violations of the Islamabad memorandum before normal operations can be restored.
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