Under the Omani proposal, which reportedly has regional backing, Tehran won't have sole control of the vital waterway.

One of the sources said Oman has proposed establishing a regional consortium that would oversee maritime security, search-and-rescue operations, and other forms of regional…

Under the Omani proposal, which reportedly has regional backing, Tehran won't have sole control of the vital waterway.

Muscat reportedly presents Tehran with Gulf-backed proposal for strait that includes voluntary fees