Iran Rejects Oman's Hormuz Control Plan, Demands Majority Amid Regional Tensions

Iran has rejected Oman's proposal to evenly share control of the lanes in the Strait of Hormuz, with Tehran demanding majority control of the critical oil and LNG chokepoint. This rejection comes as regional strikes reignite, dashing hopes for a quick return to diplomacy. The Strait of Hormuz is a vital global shipping route for energy supplies. This ongoing geopolitical tension could support crude oil prices, potentially increasing Pakistan's import bill and contributing to domestic inflation, which might indirectly influence gold and USD/PKR rates.

بحوالہ / Source: oilprice.com