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Fortune
Fortune
World
Jason Ma

The emerging deal to reopen the Strait of Hormuz reportedly recognizes Iran’s control: ‘The concession has already been made’

(Credit: Fatemeh Bahrami—Anadolu/Getty Images)

Iran and Oman have been in talks for weeks on a plan to reopen the Strait of Hormuz, and the agreement coming together would deliver a huge geopolitical win for Tehran.

A proposed deal between the two countries that sit on opposite ends of the narrow waterway would give Iran control over inbound traffic, sources told Reuters.

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