From CNBC, Apr 2:
- Iran and Oman are drafting a protocol to “monitor transit” through the Strait of Hormuz, Iranian state news agency IRNA reported.
- Tanker traffic through the key global oil transit route “should be supervised and coordinated” with the two countries, said Iranian official Kazem Gharibabadi, according to the report.
- U.S. stock indexes, which were trading sharply lower after President Donald Trump’s national address on the Iran war, suddenly turned higher following the report.
Iran and Oman are drafting a protocol to “monitor transit” through the Strait of Hormuz, Iranian state news agency IRNA reported Thursday morning, citing an official.
Tanker traffic through the key oil-shipping route “should be supervised and coordinated” with the two countries, said Kazem Gharibabadi, Iran’s deputy foreign minister of legal and international affairs, according to a translation of IRNA’s report.
“Of course, these requirements will not mean restrictions, but rather to facilitate and ensure safe passage and provide better services to ships that pass through this route,” Gharibabadi reportedly said.
U.S. stock indexes, which were trading sharply lower Thursday morning after President Donald Trump signaled that the Iran war will continue for weeks to come, suddenly turned higher following IRNA’s report....
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