France and the United Kingdom have formalized an agreement with Oman to collaborate on restoring safe navigation through the Strait of Hormuz.
The joint effort, announced by French President Emmanuel Macron and UK Prime Minister Keir Starmer, focuses on ensuring the security of Oman’s sovereign territorial waters within the critical energy corridor.
34 million barrels per day in June, signaling that the chokepoint is reopening to normal flow levels.
The diplomatic move follows a period of heightened tension in the region, with Iran previously threatening a "decisive" response to perceived interference in the strait.
By coordinating with Oman, the European powers aim to de-escalate risks and provide a stable framework for commercial shipping.
This development comes as OPEC output surged by 2.34 million barrels per day in June, signaling that the chokepoint is reopening to normal flow levels.
For energy markets, the agreement serves as a stabilizing factor.