Oman and Iran to pursue talks on managing navigation in Strait of Hormuz

Oman and Iran have decided to collaborate on managing the Strait of Hormuz, a vital global shipping route that sees a significant portion of the world's oil transit. This move aims to address the complex issues of maritime services and associated costs in the strategic waterway. The formation of a joint working group underscores their commitment to engaging with other regional states and stakeholders to ensure safe and efficient navigation, highlighting the importance of regional cooperation in maintaining global trade stability.