Oman stepped in to mediate, which is a pragmatic choice, but the control of the straits involves the interests of multiple parties. In the short term, the symbolism is greater than any real breakthrough; in the long run, it remains to be seen whether subsequent energy infrastructure agreements can be advanced in parallel.

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CoinBene News: Oman and Iran will continue negotiations on shipping through the Strait of Hormuz. Regional diplomatic efforts may ease tensions, potentially stabilize shipping routes, and influence broader Middle East negotiations.
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