Oman wins Gulf backing for plan allowing Iran to collect Strait of Hormuz transit fees

A commercial vessel in the international shipping lane off Yemen’s Hanish Island in the Red Sea. PIC/AFP

Oman has won backing from Gulf states for a plan that would let Tehran collect voluntary fees to use the Strait of Hormuz.

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" underway with Iran but threatened to restart strikes unless negotiations deliver. Iran denies seeking to resume talks with the US.

Under the Omani proposal, Iran would not exercise sole control and fees would be voluntary, a source told Reuters. The system would be analogous to one in place on Asia's Strait of Malacca, where Indonesia, Malaysia and Singapore ask ships to pay voluntary contributions to fund navigation, environmental protection and search-and-rescue operations.

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