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Oman-Brokered 60-Day Hormuz Transit Framework Nears as Bab el-Mandeb Traffic Falls 95%

Source: Reuters · 2026-08-07
Summary

Washington, Tehran and Muscat are negotiating a 60-day interim arrangement for the Strait of Hormuz that would restore commercial transits and separate inbound and outbound traffic into northern and southern lanes with no transit fees. Gulf officials put the odds of a deal at about even, while Kpler recorded just one cargo ship through Bab el-Mandeb on Wednesday.

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