Oman Suggests Joint Management of Hormuz
Oman has proposed an idea to Iran for a regional mechanism to manage the Strait of Hormuz through voluntary fees, based on the model of the Strait of Málaga, where users contribute voluntarily to fund navigation services and environmental protection. The aim is to reduce Iran's exclusive control over this vital waterway. At the same time, the United States has suspended its airstrikes on Iran, amidst hopes of reaching a diplomatic solution that would allow the resumption of navigation through the strait, which prior to the conflict accounted for about one-fifth of global energy supplies. President Trump emphasized that negotiations are ongoing and that military options remain on the table if talks fail.
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