Oman has declared that no transit fees will be imposed for passage through the Strait of Hormuz in any future agreements. This announcement comes as Iran and Oman released a joint statement concerning the crucial waterway.
Both Iran and Oman are reportedly working towards establishing a pact addressing transit costs in the Strait of Hormuz. Concurrently, Qatar's Prime Minister is currently in Oman, aiming to facilitate broader discussions involving Iran, Gulf nations, and Iraq regarding the strait.
These diplomatic developments coincide with oil prices returning to levels seen prior to recent conflicts. This is a developing story and will be updated as details emerge.
