Refinitiv cited a senior Iranian source saying an interim Iran-Oman plan for the Strait of Hormuz would give Iran full control over all inbound shipping. Under the proposal, Oman would only clear outbound vessels after notifying Iranian officials, enabling Tehran to monitor traffic and retain the right to intervene.
The source said Iran is unlikely to accept any other proposal to reopen the strait.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments