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The article's text discusses Oman's proposal to establish a regional management system for the Strait of Hormuz inspired by the Malacca Strait model. The proposal suggests managing the strait through a mechanism based on voluntary financial contributions from benefitting countries and companies, aiming to fund navigation services, environmental protection, and search and rescue operations, without imposing compulsory fees on ships. This approach seeks to ensure freedom of navigation and reduce political disputes among stakeholders, while addressing the legal and political challenges facing the strait's management—particularly given Iran's non-signature of the Law of the Sea Convention and its extensive rights within its territorial waters, which complicate the full implementation of the Malacca model. The proposal emphasizes regional cooperation and advanced technological regulation to ensure the continuity and safety of maritime movement through the strait, striving to strike a balance between national sovereignty and international trade freedom.
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