The UN Convention on the Law of the Sea puts most commercial fisheries and offshore oil under control of states as territorial waters.

Name: The UN Convention on the Law of the Sea puts most commercial fisheries and offshore oil under control of states as territorial waters.
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The UN Convention on the Law of the Sea established territorial waters and exclusive economic zones (EEZs) for coastal states, within which they have control over most commercial fisheries and offshore oil.

The UN Convention on the Law of the Sea Puts