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Iran has hardened the conditions attached to reopening the Strait of Hormuz, tempering expectations that an emerging navigation agreement with Oman will quickly restore normal commercial shipping. Tehran is refusing to reopen the strait unless the United States lifts restrictions...
#commodity finance#Iran#maritime trade
Iran and Oman are finalising a proposed shipping arrangement for the Strait of Hormuz, offering a possible route towards restoring…
#commodity trade#Iran#Letters of Credit