Iran says it is nearing an understanding with Oman over navigation through the Strait of Hormuz, one of the world’s most important energy corridors. The emerging arrangement could reportedly involve designated shipping routes and payments linked to access, as Tehran and Muscat try to reduce tensions surrounding the strategic waterway. Any new mechanism could have major consequences for oil markets, Gulf security and U.S.-Iran relations. But would this simply guarantee safer passage, or are Iran and Oman quietly rewriting the rules governing Hormuz?
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