A two-week truce agreement, brokered by Pakistan, is set to enable Iran and Oman to collect tolls from vessels navigating through the Strait of Hormuz, according to a report from the Associated Press. A regional official, who participated in the negotiations, revealed that Iran intends to utilize the revenue generated for reconstruction efforts, while the intended use of Oman’s share remains unclear. The official, who spoke on the condition of anonymity due to lack of authorization, shared this information with the AP. Iran and Oman jointly possess territorial rights over the Strait of Hormuz.
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