Strait of Hormuz latest: Iran, Oman plan temporary Hormuz lane as US sanctions tighten

Iran and Oman have resumed talks on a temporary shipping corridor through the Strait of Hormuz as commercial traffic remains badly disrupted. A tanker attack, fresh US pressure on Iran and continuing security risks are keeping global oil and shipping markets on alert.

New Delhi: Iran and Oman have restarted talks over movement through the Strait of Hormuz, with both sides discussing a temporary shipping corridor through one of the most important energy routes in the world. The talks come as shipping remains heavily disrupted and Washington increases economic pressure on Tehran, Reuters reported.

The strait carried about one-fifth of global oil and liquefied natural gas shipments before the wider conflict began in February. Most commercial traffic has since stopped. Any reopening, even on a limited........

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