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"Respects Sovereignty Of Both": Iran Says Close To Hormuz Deal With Oman
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Iran says it is close to a deal with Oman on the Strait of Hormuz, respecting the sovereignty of both countries.
Details of the new route are not yet clear.
Iran has maintained control over the strategic waterway, through which about 20% of global oil consumption passes daily since the outbreak of war.
The strait is a vital oil shipping route, and any disruption could impact global energy markets.
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