Iranian Navy Commander Rear Admiral Shahram Irani has declared that the waters east of the Strait of Hormuz and the Gulf of Oman are under complete Iranian control. This assertion comes amid ongoing negotiations involving Iran, the United States, and Oman regarding maritime routes through this strategically significant strait. Shipping traffic in the region has slowed due to recent conflicts and diplomatic disputes. Markets interpret the statement as a hardening of Iran’s stance, which has pushed the probability of a Hormuz management agreement down to 9.5% from 17% just 24 hours ago.
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