π’ Iran-Oman reach Hormuz framework deal
An Iranian official stated that a general framework of understanding with Oman regarding the Strait of Hormuz has been determined. This arrangement involves Tehran potentially blocking Israeli ships from the waterway and seeking compensation from hostile nations. The development comes as oil prices extended gains following reports of Iranian attacks on 'hostile targets' in the Strait. Iranian President Masoud Pezeshkian credited coordination for keeping normalcy despite the ongoing West Asia conflict. The final text and details of this agreement are expected to be announced at higher levels soon. π’