Oman presents Iran with Gulf-backed plan for voluntary fees to use Hormuz

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Oman presents Iran with Gulf-backed plan for voluntary fees to use Hormuz

AI Summary

Oman has proposed a Gulf-backed plan to Iran for managing the Strait of Hormuz, including voluntary fees for passage. The initiative aims to reduce trade disruptions caused by the ongoing U.S.-Israeli conflict with Iran.

By Timour Azhari and Parisa Hafezi DUBAI, July 28 (Reuters) - Oman has presented Iran with a plan backed by Gulf states to manage the Strait of Hormuz, including collecting voluntary fees for using it, a Gulf source and a Western diplomat told Reuters on Tuesday. The plan could serve as a basis to end the disruption to trade through the strait caused by the U.S.-Israeli war on Iran.

World Security Politics Energy Shipping Oman Iran Strait of Hormuz shipping fees trade disruption Gulf Cooperation regional security

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