Iran and Oman exchange proposals to manage Strait of Hormuz

Oman’s proposal is based on the Strait of Malacca in East Asia, a model whereby ships that use the strait provide voluntary fees.Iran and Oman have exchanged proposals regarding the future management of the Strait of Hormuz, as points of contention continue to exist between the two nations whose territorial waters border the strategic waterway.Oman presented a proposal to Iran ⁠for ⁠a joint regional mechanism to manage the Strait of Hormuz with “voluntary fees”, Reuters reported on Tuesday. Under the Omani proposal, which reportedly has regional backing, Iran would not exercise sole control ⁠of the strait, an unnamed Gulf source and Western diplomat ⁠told the news agency.Recommended Stories list of 4 itemslist 1 of 4What lies ahead for Iran’s economy as scope of US war grows beyond Hormuz?list 2 of 4Why has the US halted its bombing of Iran?list 3 of 4Hopes of return to diplomacy as US, Iran hold fire for third daylist 4 of 4Trump says ‘good chance’ of progress in Iran talks. What we knowend of listOman’s proposal is reportedly based on the Strait of Malacca, which connects the Indian and Pacific Oceans. There, Indonesia, Malaysia and Singapore ask ships that use the strait to volu...