Middle East
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Iran says Strait of Hormuz deal is near, but waterway may not reopen immediately
The uncertainty surrounding the reopening has continued to concern shipping companies and energy markets, particularly because of the volume of oil and other petroleum products that normally pass through the waterway.
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You Vote: If Iran tries to ban US and Israeli shipments from Strait of Hormuz, what will Trump do?
Iran said on Wednesday it was nearing an agreement with Oman that would permit its ships to transit approved shipping routes through the strait.
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Iran plans to ban U.S. and Israeli ships from Strait of Hormuz until compensated for war damages
The plan would also impose fees of up to 7% of cargo value on commercial ships sailing under the flag of other nations.