Oman presents Iran with Gulf-backed plan to ease Strait of Hormuz tensions

AI Summary

Oman has proposed a Gulf-backed plan to Iran aiming to jointly manage the Strait of Hormuz and implement a voluntary fee system for ships using this strategic waterway. The initiative seeks to stabilize shipping traffic disrupted by regional tensions involving the US and Israel.

Oman has presented Iran with a Gulf-backed proposal to jointly manage the Strait of Hormuz, including a system of voluntary fees for ships using the strategic waterway, according to a Gulf source and a Western diplomat. The plan aims to provide a framework for restoring stable shipping through the strait after months of disruption caused by the US-Israeli war on Iran and further attacks on commercial vessels.