Iran and Gulf States Meet to Secure Hormuz Shipping Deal

📡 Financial Times 6h ago · 1 min read ·

Part of composite article Houthis Seize 2 Yemen Islands, Threatening 12% of Global Trade at Bab el-Mandeb View full article →

Iran and Gulf states are meeting to discuss a new shipping agreement. The goal is to reduce tensions and reopen the Strait of Hormuz. The deal is between Iran and Oman. It is a temporary agreement. Regional states hope it will create a path to ease hostilities in the region. The Strait of Hormuz is a vital waterway for global oil transport. Reopening it is a priority for many nations.