#Iran said it’s “very close” to a deal with Oman on a new maritime transit route in the Strait of Hormuz, after expectations grew this week that an announcement may soon be made. Iran’s Foreign Minister Abbas Araghchi said on Saturday that negotiators are closing in on temporary lanes for ships entering and exiting the Persian Gulf. He cautioned that any agreement won’t result in an immediate reopening of the strait, signaling that any respite for energy supplies may be limited. “The opening of the Strait is subject to other conditions, including the compensation for the US’s violations of the Islamabad Agreement,” Araghchi added, referring to the now-lapsed memorandum of understanding signed in June. bloomberg.com/news/articles/…

#Iran said it’s “very close” to a deal with Oman on a new maritime transit route in the Strait of Hormuz, after expectations grew this week that an announcement may soon be made. Iran’s Foreign Minister Abbas Araghchi said on Saturday that negotiators are closing in on temporary lanes for ships entering and exiting the Persian Gulf. He cautioned that any agreement won’t result in an immediate reopening of the strait, signaling that any respite for energy supplies may be limited. “The opening of the Strait is subject to other conditions, including the compensation for the US’s violations of the Islamabad Agreement,” Araghchi added, referring to the now-lapsed memorandum of understanding signed in June. bloomberg.com/news/articles/…

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