Iran and Oman have entered a 'new phase' of talks, with both sides approaching a consensus, according to Jinshi via ChainCatcher. The talks aim to establish a middle shipping corridor through the Strait of Hormuz in order to ensure navigational safety while safeguarding Iran's rights as a coastal state. Once operational, the new passage is expected to replace the existing northern and southern navigation routes.
Iran and Oman have entered a "new phase" of talks and appear close to consensus on a planned corridor through the Strait of Hormuz, according to a report from Jinshi cited by ChainCatcher.
The talks revolve around building a middle shipping channel across the strait to safeguard navigational flow and protect Iran's rights as a coastal state. Should the corridor be activated, it would replace the current northern and southern shipping lanes.
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