finance
Iran's Foreign Minister Holds Talks in Oman on Strait of Hormuz Security
Iran's foreign minister Abbas Araghchi visited Oman and held discussions focused on ensuring safe transit through the Strait of Hormuz. He described the talks as important for bilateral and regional issues. The strait handles about 20% of global oil and related products.
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Iran's foreign minister Abbas Araghchi visited Oman and signaled safe transit through the Strait of Hormuz following the trip. Discussions in Oman centered on ensuring safe transit through the strait, which Araghchi described as important, highlighting both bilateral issues and broader regional developments.
Araghchi posted on X that discussions with Oman, as the strait's littoral states, focused on ensuring transit security for regional and global benefit.
The Strait of Hormuz is located between Iran and Oman, separating the Persian Gulf from the Gulf of Oman. The strait facilitates the passage of approximately 20% of global oil, along with LNG, LPG and other petroleum-related products. U.S.
Oman is India's oldest strategic partner in the Gulf region. India has managed to move its vessels through the Strait of Hormuz in recent days following intense diplomacy with Tehran.
