Iran and Oman are negotiating a framework for managing the Strait of Hormuz, through which 20% of global oil passes. The proposed joint temporary navigational corridor and mine clearance efforts are significant for global energy security, but US threats to bomb Oman highlight geopolitical tensions. For exam aspirants, this links to India's energy dependence, strategic chokepoints, and West Asia geopolitics.
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- ›Global Oil Transit Share: ~20% of world's traded oil
- ›Date of US-Israel Attack: February 28, 2026
- ›Target this Data: 20% of world's traded oil passes through Strait of Hormuz.
- ›Target this Date: February 28, 2026 – US and Israel attacked Iran.
- ›Target this Proposal: Joint temporary navigational corridor and mine clearance.
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