Hormuz Deal Looms as US Missile Stockpiles Depleted and China Tightens Export Controls

Iran and Oman are in the final stages of a deal to govern shipping through the Strait of Hormuz, with Iran's foreign ministry spokesman Esmaeil Baqaei confirming progress but warning it won't guarantee safe navigation. The proposed arrangement would see Iran controlling ships entering the Gulf while Oman handles exits, with service fees charged for protection. However, the Trump administration has rejected any deal giving Iran...