Iran has rejected Oman’s proposal for an equal division of shipping management in the Strait of Hormuz. Deputy Foreign Minister Kazem Gharibabadi stated that Tehran prefers to establish a temporary route under its authority, with control over inbound traffic and part of the outbound lane. This strategic waterway linking the Persian Gulf to the Arabian Sea is crucial for global oil shipments. Prediction markets indicate a low probability that the United States will impose fees, and expectations for a return to normal maritime traffic by late August remain low.
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