Ready to play
Ready to play
Reuters reported, citing a Gulf source, that Oman has gained support from Gulf countries for a proposal allowing Iran to collect voluntary fees for ships passing through the Strait of Hormuz, aiming to end disruptions in oil trade caused by the war between the United States and Israel over Iran. The system proposes that fees be optional and similar to the Malacca Strait regime, where ships make voluntary contributions to fund navigation operations and environmental protection. Iran has discussed this proposal with Oman and Saudi Arabia, amidst a dispute between Washington and Tehran over managing the Strait, which Iran has effectively closed since a U.S.-Israeli attack in late February 2026. A temporary agreement had partially reopened it before collapsing. Iran aims to jointly manage the Strait with Oman and levy fees on ships, while Washington rejects mandatory payments, considering them illegal. This comes amid escalating military and diplomatic tensions over the Strait's importance for global oil shipments.
Notice: This Is an AI-Generated Summary
Comments (0)