Oman Presents Iran With Gulf-Backed Plan For Voluntary Strait Of Hormuz Transit Fees

Oman has presented Iran with a Gulf-backed proposal to jointly manage the Strait of Hormuz, including voluntary contributions from ships using the strategic waterway, in an effort to restore commercial shipping after months of disruption caused by the U.S.-Israeli war on Iran.

The proposal, confirmed by a Gulf source and a Western diplomat on Tuesday, is aimed at helping reopen one of the world’s most important energy routes