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IRGC says Iran, Oman agree at Hormuz talks to share revenue from shipping fees through Strait: media

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IRGC says Iran, Oman agree at Hormuz talks to share revenue from shipping fees through Strait: media

2026-08-27 09:59 Last Updated At:08-28 00:21

Iran's Islamic Revolution Guard Corps (IRGC) said that agreements were reached on the share of the Strait of Hormuz's waters allocated to Iran and Oman, as well as their respective shares of revenues generated by the waterway, during talks between the two countries, the semi-official Tasnim news agency reported Wednesday.

IRGC spokesman Hossein Mohebbi told reporters that the strategic waterway remains under Iranian control and no vessel can pass through it without Iran's permission.

He said that Iran and Oman have reached agreements on their respective shares of the strait's waters and related revenues following negotiations.

Mohebbi blamed U.S. "obstructionism" for delaying the negotiation process, noting that if Washington returns to the peace memorandum of understanding (MoU) it signed with Iran in June, "we can open the Strait of Hormuz within the agreed framework."

IRGC says Iran, Oman agree at Hormuz talks to share revenue from shipping fees through Strait: media

IRGC says Iran, Oman agree at Hormuz talks to share revenue from shipping fees through Strait: media

Huaqiangbei, the well-known electronics hub in south China's Shenzhen City, has turned its public spaces into immersive tech playgrounds, giving tech-savvy visitors a close-up look at the newest innovations.

The subdistrict is home to an extraordinary variety of electronics commerce. With over 115,000 registered businesses operating in Huaqiangbei, buyers can source more than a million kinds of parts and finished products.

The area also showcases the possibilities of emerging technologies for the public. On the Huaqiangbei pedestrian street, a robot band recently performed a stunning musical set, drawing many spectators.

"I really like it a lot and they have like several kinds of robots. I wonder how they will be in a year," said a visitor from Colombia who stopped to watch the robot band perform.

The performance stage was set up by Huaqiangbei as a platform to demonstrate interesting digital, electronic and AI products and applications. Seven such stages and exhibition spaces are spread along the 930-meter pedestrian street.

"We have opened up public spaces in our district free of charge to cutting-edge companies working in areas such as AI hardware, brain-computer interfaces and customized AI solutions to showcase their products. Huaqiangbei commercial area attracts more than 850,000 visitors a day on average, which provides an excellent platform for companies to present their latest technologies, products and business models to global buyers and visitors," said Xu Jiyue, a local official.

"All the products we are showcasing in our pavilion are AI-related smart devices, and they are all released within the past six months," said Zhang Jibin, head of the Huaqiangbei Global AI Application Scenario Center.

Long known for bulk electronic components and low-cost gadgets, Huaqiangbei's merchandise mix has now shifted toward a growing range of smart consumer goods.

"We have noticed a gradual shift in what customers are looking for. They are no longer just coming in for a screen protector or a new phone battery. Instead, they come seeking cutting-edge, innovative products that truly represent Shenzhen," said Lv Lichao, head of the Huaqiangbei global brain-computer interface industrial application demonstration center.

Shenzhen's electronics hub demonstrate latest technologies to tech-savvy visitors

Shenzhen's electronics hub demonstrate latest technologies to tech-savvy visitors

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