Oman, Iran foreign ministers discuss steps to ease regional tensions

Cointime update: Oman’s Foreign Minister Badr al-Busaidi and Iranian Foreign Minister Abbas Araghchi spoke by phone on November 5, agreeing to move the region from de-escalation toward a durable consensus. The two discussed practical arrangements to secure maritime shipping lanes and a joint technical mechanism to keep international trade and energy transport flowing, aiming to end the state of war and prevent renewed regional conflict.