OMAN OFFERS IRAN GULF-BACKED PLAN FOR VOLUNTARY FEES TO USE HORMUZ

Oman presented Iran with ⁠a plan backed by Gulf states to manage the Strait of Hormuz, including collecting voluntary fees for using it, a Gulf source and a Western diplomat told Reuters on Tuesday. The plan could serve as a basis to end the disruption to trade through the strait caused by the US-Israeli war on Iran.

News - South China Morning Post reports that oman presented Iran with ⁠a plan backed by Gulf states to manage the Strait of Hormuz, including collecting voluntary fees for using it, a Gulf source and a Western diplomat told Reuters on Tuesday.

The report adds: The plan could serve as a basis to end the disruption to trade through the strait caused by the US-Israeli war on Iran.

President Donald Trump, who abruptly called off a two-week US bombing campaign over the weekend in his latest strategic U-turn, said there were “good talks” under way with Iran but...

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