Oman has presented Iran with a Gulf-backed proposal aimed at restoring stability in the Strait of Hormuz by introducing a system of voluntary service contributions for vessels using the strategic waterway, according to Reuters.
The proposal, supported by Gulf states, seeks to reduce tensions and revive international shipping after months of disruptions caused by the U.S.-Israel conflict with Iran.
Under the plan, Iran and Oman would jointly oversee navigation through the Strait, with any payments from ships remaining voluntary rather than mandatory. The proposal is said to resemble the voluntary contribution system used in the Strait of Malacca to fund navigation safety, environmental protection, and search-and-rescue operations.
However, the United States has rejected any arrangement involving fees for ships passing through the Strait, insisting that the waterway is an international passage that should remain free of tolls or restrictions.
Meanwhile, regional tensions remain high. Iran has denied seeking new negotiations with Washington, while U.S. President Donald Trump said diplomatic talks were progressing but warned that military action could resume if negotiations fail.
Recent days have also seen missile and drone attacks across the Middle East, including intercepted attacks targeting U.S. forces and Saudi oil facilities, underscoring the fragile security situation.
The Strait of Hormuz, through which nearly one-fifth of the world's oil and liquefied natural gas supplies normally pass, remains one of the world's most strategically important maritime routes. Oil prices fell sharply after the U.S. paused its bombing campaign, reflecting market hopes that tensions in the region could ease.
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