Commodities
Iran and Oman Explore Temporary Deal to Secure Hormuz Shipping
Oil prices continued their downward trend as Iran and Oman reportedly discussed a temporary deal to ensure the safe passage of ships through the Strait of Hormuz.
The development came amidst ongoing concerns over potential disruptions in global oil supplies due to geopolitical tensions in the region.
No further details were provided on the proposed agreement, but experts noted that any temporary arrangement would likely be short-lived and may not address underlying issues.