WIRE — Negotiations with Oman regarding the legal mechanism and management of the Strait of Hormuz to determine shipping transit routes are currently underway and very close to an agreement, but the reopening of the Strait of Hormuz remains contingent on other conditions, including the U.S. compensating for its violations of the Islamabad Memorandum of Understanding, Foreign Minister Seyed Abbas Araghchi stated during a presidential press conference.
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