The US is aiming to announce an agreement on reopening the key waterway on Wednesday, the outlet has reported
Tehran would gain greater control over shipping through the Strait of Hormuz under an interim agreement being negotiated by the US, Iran, and Oman, Axios reported on Wednesday. The strategic waterway between Iran and Oman carries around one-fifth of the world’s seaborne oil.
US President Donald Trump announced on Saturday that he had called off a planned attack on Iran, claiming that Washington and Tehran were close to reaching a diplomatic solution. Trump said on Wednesday that the sides were “having very good discussions,” but warned that Iran would be “hit...
Read the full article here