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Iran and Oman agree on a joint shipping lane and mine-clearing project

The agreement adds a new step toward easing maritime risk in the region, coming after several days of heavy selling in oil tied to deal speculation.

Reported · Written up by our desk · Energy

Oil prices had been sold heavily over the prior two days as traders focused on speculation that there was more progress toward an emerging deal than had been announced, Forexlive reports.

The outlet points to a fresh sign of momentum, saying Iran and Oman agreed on a joint temporary shipping lane and a separate joint project aimed at clearing mines.

Forexlive also notes that the US appeared to move first on the idea of mine clearance, referencing remarks attributed to Trump that mines were already clear.

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Sources

ForexliveIran and Oman propose a joint temporary shipping lane

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