Iran and Oman still working on Strait of Hormuz accord, says senior Iranian source

AI Summary

Shipping through the Strait of Hormuz has been significantly disrupted, causing global energy price increases, as Iran and Oman continue negotiations over an accord governing the waterway. The discussions aim to resolve issues affecting vital international maritime routes.

Most shipping through the Strait of Hormuz has been disrupted, pushing global energy prices higher, while Iran and Oman continue negotiating an agreement over the waterway.