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

Middle East 3 sources 3 countries 🔦 Under-reported 44m ago

Oman has presented Iran with a Gulf-backed proposal aimed at easing tensions and stabilizing shipping operations within the Strait of Hormuz. The plan suggests the implementation of a voluntary fee system for vessels navigating the strategic waterway, modeled after the management framework currently used in the Strait of Malacca.

The initiative seeks to establish a joint management structure to restore trade flows that have been disrupted by the ongoing conflict involving Iran, the United States, and Israel. By providing a formal framework for maritime transit, the proposal intends to secure a more stable environment for international shipping. These discussions are taking place during a period of relative pause in hostilities between the involved parties.

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Read the full story at the source Al Jazeera · QA
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