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

AI Summary

Oman proposed a Gulf-backed plan to Iran for managing the Strait of Hormuz, which includes voluntary fees for passage. This initiative aims to resolve trade disruptions caused by the US-Israeli war on Iran, with ongoing diplomatic talks reported.

Oman 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 US-Israeli war on Iran. President Donald Trump, who abruptly called off a two-week US bombing campaign over the weekend in his latest strategic U-turn, said there were “good talks” under way with Iran but...