Middle East live: Oman announces temporary maritime corridor through Strait of Hormuz

Oman's announcement of a temporary maritime corridor through the Strait of Hormuz, coordinated with the International Maritime Organization, aims to ease shipping tensions in one of the world's most critical waterways. This move is particularly significant given the Strait's importance for global oil trade, as it accounts for about 20% of the world's petroleum supply. While it seeks to provide a safer passage, the initiative comes amid heightened geopolitical tensions in the region, making it a strategic effort to maintain stability and secure global energy supplies.