Iran and Oman said they will begin work on an agreement over the future administration of the Strait of Hormuz, including the cost of managing transit, according to Bloomberg.
Traders and shipowners have been fretting over the prospect that a tolling arrangement could be introduced.
GEOPOLITICS | Iran, Oman to Work on Pact for Strait of Hormuz Transit Costs
2026-06-23 14:06:28
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