[Iran and Oman Reaffirm Support for Hormuz Strait Cooperation Mechanism] BlockBeats News, June 23, according to Bloomberg, a joint statement from Oman and Iran indicates that Oman supports the Islamabad Memorandum of Understanding signed between the U.S. and Iran and emphasizes the importance of continued dialogue and coordination to ensure the successful implementation of the memorandum. As two coastal nations sharing the Hormuz Strait, Oman and Iran reaffirm their commitment to ensuring the security of passage through the strait in accordance with relevant provisions of international law. They also emphasize their sovereignty and sovereign rights over the territorial waters of the Hormuz Strait. The two sides discussed matters related to the strait as outlined in the memorandum of understanding. They agreed to continue dialogue on this issue through a joint working group between their foreign ministries, aiming to reach an agreement that aligns with international standards regarding future navigation management, related services, and corresponding fees for the Hormuz Strait. In this context, both parties also agreed to engage in discussions with other coastal nations in the region and relevant stakeholders.