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

AI Summary

Oman has presented Iran with a Gulf-backed proposal for voluntary fees to use the Strait of Hormuz, aiming to restore trade disrupted by the US-Israeli conflict with Iran. This diplomatic effort occurs amid a temporary halt in hostilities between the parties.

The proposal aims to restore trade disrupted by the US-Israeli war with Iran and comes amid a pause in fighting between the sides.