Oman

Oman presents a regional mechanism for Hormuz: Report

 

The Sultanate of Oman has presented a proposal to Iran for a joint regional mechanism to manage ​the Strait of Hormuz with voluntary fees, a source told Reuters on Tuesday.

Under the Omani proposal, which has regional backing, Iran would not exercise sole control of ​the vital waterway, the source added.

The ​Omani ‌proposal has ⁠regional backing, ​Reuters quoted the source. 

The proposal is ​based on the Strait of Malacca, where those ⁠who use the strait voluntarily contribute to fund navigation, ​environmental protection and search and rescue.

Iran's ​Foreign Minister Abbas ⁠Araqchi discussed the Strait of Hormuz with his Omani and Saudi counterparts on ​Monday.

He emphasised the need to strengthen cooperation and ​advance ⁠joint diplomatic efforts to establish stability in the region and lift the insecurity imposed on the Strait of Hormuz ⁠due ​to the aggressive actions of ​the United States,' according to Iran's foreign ministry statement.

The US abruptly suspended ​a campaign of air strikes against Iran over the weekend, raising hopes of a diplomatic solution that would allow shipping to resume ​in the Strait of Hormuz - which carried a ​fifth of global energy supplies before the conflict.