Despite the agreement with Oman, why is Hormuz not opening?
There is a possibility of an agreement between Iran and Oman on the Strait of Hormuz. There are also plans to start limited shipping. However, Iran is demanding that the United States meet several conditions to fully open Hormuz. These include lifting the blockade, releasing assets, and stopping threats. In the meantime, the situation has become more uncertain due to the attack on the ship. As a result, Hormuz may be opened to a limited extent for now, but a major agreement between Iran and the United States is needed to fully normalize it.
Keep updated, follow The Business Standard's Google news channel
