Oman proposes regional mechanism to manage Strait of Hormuz: Reuters
Gulf source says Oman has suggested a joint regional mechanism with voluntary fees to Iran for managing the Strait of Hormuz.
Key Takeaways
AIA source told Reuters on Tuesday that Oman has submitted a proposal to Iran to establish a joint regional mechanism for managing the Strait of Hormuz, with voluntary fees.
The source said the Omani proposal has regional backing, but did not disclose further details about the supporting countries or the terms of the proposal.
The Strait of Hormuz is one of the world's most important waterways for oil and gas shipments, making it a focal point of regional and international attention.