West Asia war LIVE: Iran, Oman hold first Hormuz Joint Committee meeting, discuss future management of Strait

Iran and Oman convened their first Hormuz Joint Committee meeting to tackle the future management of the Strait of Hormuz, a critical global shipping route. Amid escalating tensions between the U.S. and Iran, this collaboration aims to stabilize the region amidst ongoing conflict and military exchanges. The discussions underscore the importance of the Strait, which sees about 20% of the world's oil supply transiting through it, highlighting the potential global economic impact of any disruptions. This move signals a regional effort to maintain peace and secure trade routes, crucial in the face of rising geopolitical strife.