CAIRO: Iran has said an agreement with Oman to establish new shipping routes through the Strait of Hormuz is nearing completion, but Tehran insists the strategic waterway will not reopen until the United States fulfils additional conditions. Iranian Foreign Minister Abbas Araqchi said Sunday that discussions over the proposed shipping arrangements had reached the “final stages.” However, he stressed that the agreement would only take effect once Washington meets Iran’s demands and conditions for restoring commercial traffic. The Strait of Hormuz is a crucial global energy route, carrying a significant…
Read MoreIran Says Strait of Hormuz Deal With Oman Nears Final Stage
