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Oman proposed the creation of a joint regional mechanism to manage the Strait of Hormuz, based on cooperation between the bordering countries and international users, drawing on the model of the Malacca Strait in Southeast Asia. The goal of the proposal is to ensure freedom of navigation and reduce tensions through shared management and collective responsibility, with the potential to impose voluntary financial contributions to fund maritime services and environmental protection. Despite regional support, the implementation faces legal and political challenges related to revenue sharing and balancing the rights of coastal states with international freedom of navigation. Its success requires broad consensus among Iran, Gulf countries, and the international community.
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