Iran said on Tuesday that it has reached a new understanding with Oman allowing commercial vessels to transit the Strait of Hormuz, while U.S. President Donald Trump declared that all mines in the strait's international waters had been removed or detonated.
Iranian Deputy Foreign Minister for Legal and International Affairs Kazem Gharibabadi said on Tuesday that under the understanding, the inbound route to the Persian Gulf would pass through Iranian waters, while the outbound route would pass through both Iranian and Omani waters.
No military vessels will be permitted, and only commercial ships will be allowed to transit, he added.
Gharibabadi stressed that the understanding reached between Iran and Oman does not mean an immediate reopening of the strait, and that the route would be temporary.
He said Iran and Oman would negotiate a new permanent route within 30 to 60 days, and warned that the strait will remain closed if Iran's conditions are not met.
Gharibabadi also dismissed the U.S. claims about mine-clearing operations in the strait as propaganda and lies, warning that any U.S. minesweepers entering the region would be targeted.
Trump said earlier on Tuesday that all mines in the international waters of the Strait of Hormuz have been removed or detonated, warning that any vessel placing new mines would be destroyed.
Trump wrote on his Truth Social platform that there is a zero tolerance policy on mine placement in full force and effect.
Iran and Oman on Tuesday exchanged views on a phased framework that includes the establishment of a temporary joint shipping corridor in the Strait of Hormuz and an agreement to implement a joint project to demine the waterway, according to a joint statement issued by the two countries' foreign ministries.
The statement was issued at the end of a visit by Omani Foreign Minister Sayyid Badr bin Hamad Al Busaidi to Tehran, where he met his Iranian counterpart Seyed Abbas Araghchi, according to Iran's Foreign Ministry.
Iran, Oman reach understanding on temporary shipping route in Hormuz, US declares all mines cleared
Iran, Oman reach understanding on temporary shipping route in Hormuz, US declares all mines cleared
Canada-headquartered athletic apparel brand Lululemon is embracing the vast Chinese market through a deepened presence at the ninth China International Import Expo (CIIE), which opened in Shanghai on Thursday.
This year's expo has drawn 4,144 overseas exhibitors from 152 countries and regions. As the guest country of honor, Canada brought a delegation of about 120 companies.
This year also marks Lululemon's third consecutive participation at the CIIE. Andre Maestrini, president and chief commercial officer of Lululemon, brought a global debut product to the booth -- a runner's vest that seamlessly integrates insulation with ventilation.
"You see the fabrics here, the perforation, the double layering and different inclusions of technical materials to be able for air to flow, but still protecting and keep you warm in extreme conditions," said Maestrini.
He also noted that while the product is designed domestically, its inspirations and effectiveness are honed and validated in China, a market featuring rapid evolution and highly diversified consumer demands.
"Outdoor, outwear, China is seeing a lot of progress, so it's very interesting to see what China guests require. If you know what China guests want, and [combined with] people that living in Vancouver or Whistler near Canada, because we have a lot of mountains and outdoors -- the combination makes it a global product," he said.
Beyond product development, global companies are increasingly regarding China not only as a destination for bilateral trade, but as a springboard for broader global investment.
"China speed, in terms of innovation [and] in trends, is so intense that if we are present in China, and we have teams here developing the products that's needed for the China market, we see the potential to export them," said Maestrini.
Launched in 2018, the CIIE is the world's first national-level expo dedicated to import, and has become an important gateway for foreign businesses seeking access to China's vast consumer and industrial markets. This year's exhibition is held from Nov. 5 to 10.
Canadian athletic apparel brand deepens China presence with proactive CIIE showcase
Canadian athletic apparel brand deepens China presence with proactive CIIE showcase
