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Iran and Oman have reportedly reached an agreement to facilitate the reopening and ensure free passage through the strategically vital Strait of Hormuz.
A key provision of this understanding is the commitment to "no fees or tolls" for vessels traversing the international waterway, aiming to boost regional trade and stability.
This diplomatic breakthrough seeks to de-escalate tensions and enhance maritime security in a critical artery for global oil and liquefied natural gas shipments.