Iran and Oman exchange proposals to manage Strait of Hormuz

AI Summary

Iran and Oman exchanged proposals aimed at managing the strategic Strait of Hormuz. Oman proposed a voluntary fee model for ships using the strait, similar to the system at the Strait of Malacca, to enhance the management and safety of maritime traffic.

Omani proposal is based on the Strait of Malacca model, where ships that use the strait provide voluntary fees.