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Iran and Oman near deal on joint control of the Strait of Hormuz
Iran announced it is close to finalising a deal with Oman to jointly control the Strait of Hormuz, a critical chokepoint for global oil shipments. Tehran cautioned that the agreement would not mean the strait is fully open and could include a transit toll. The announcement raises concerns about freedom of navigation through one of the world's most strategically important waterways.
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