Iran has announced that a deal on the Strait of Hormuz is close, while emphasizing it will not unilaterally open the strategic waterway. This negotiation is part of the ongoing US-Iran conflict over maritime access in this strategic zone. Oman is participating in the negotiations alongside both parties. The Strait of Hormuz is a critical chokepoint for global oil and LNG trade. Iran wants to retain control over certain aspects of the waterway, including routing and inspections, rather than agreeing to a complete and unconditional reopening.
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