Iran Oman Deal Aims to Secure Hormuz | Business and Finance News

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Recorded26 Aug 2026

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Iran and Oman are nearing a breakthrough deal to secure safer shipping through the Strait of Hormuz, creating a temporary navigational corridor and clearing mines — a move that could ease global oil supply fears as prices dip below $90/barrel and vessel traffic plummets. The joint effort signals regional de-escalation, while the U.S. holds off on broad sanctions against Chinese firms trading with Iran, avoiding potential retaliation — a diplomatic pivot that underscores the fragile balance in global energy politics. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/0e7d4f734f7d6655

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