Iran-Oman Strait of Hormuz Deal Faces Sanctions, Insurance Hurdles

A proposed arrangement between Iran and Oman to regulate shipping through the Strait of Hormuz is facing significant challenges over US sanctions, international maritime rules and restrictive insurance clauses, according to industry sources cited by Reuters. Under the proposal, Iran would have the ability to intervene in inbound vessel traffic when necessary, while ships exiting […] The post Iran-Oman Strait of Hormuz Deal Faces Sanctions, Insurance Hurdles appeared first on India Seatrade News .

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