ConflictsMiddle East
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ConflictsMiddle Easthttps://p.dw.com/p/5IPRw
Iran says it’s in the final stages of drafting an agreement with Oman on shipping routes through the Strait of Hormuz. The two countries are on opposite sides of the narrow waterway, which carries a fifth of the world’s oil and gas supply. Reports suggest that under the agreement, Tehran would have control over ships entering the Persian Gulf through the strategic waterway, while Oman would oversee outbound shipping. If the deal goes through, it will signal a major shift in the balance of regional power in Tehran’s favor. Before the US-Israel war with Iran, the strait was freely open to all ships with no fees.
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