Iran claims to have reached an agreement with Oman regarding the shipping routes in the Strait of Hormuz, as the market looks to the prospects of energy transportation resuming.

According to Zhitong Finance App, Iran has announced that it has reached an agreement with Oman on a proposed shipping route in the Strait of Hormuz, which is seen as an important step towards the reopening of this globally critical energy transport passage. As a result of this news, market expectations for the resumption of navigation in the Strait of Hormuz have further intensified, and international oil prices stabilized on Wednesday, with Brent crude remaining around $79 per barrel.