Business Brief (April 3): Iran Drafts Strait of Hormuz Agreement With Oman

Published: Apr. 3, 2026 5:21 p.m. GMT+8

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Iran’s state media IRNA said Deputy Foreign Minister Kazem Gharibabadi announced that Iran and Oman are drafting a deal to monitor shipping in the Strait of Hormuz under joint oversight. Separately, Xinhua, citing UAE media, reported that a UAE minister said the country is willing to join efforts to ensure safe navigation in the strait.

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China’s State Tobacco Monopoly Administration released draft guidelines proposing quota controls for e-cigarette manufacturers.

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