MUSCAT: Oman has presented a proposal to Iran for a joint regional mechanism to manage the Strait of Hormuz with voluntary fees, a Gulf source told Reuters on Tuesday. Iran effectively shut the strait to ships other than its own after the US and Israel attacked on February 28. A deal last month between the United States and Iran partially reopened it, but the agreement collapsed in early July after Iran fired on ships using a channel it does not approve. Under the Omani proposal, Iran would not exercise sole control of the vital waterway, the source added.

Iran and Oman are discussing management of the Strait of Hormuz – including imposing service fees, a move the US opposes.

Iran rejects proposal to keep the Strait of Hormuz open during Oman talks. U.S. charges for Hormuz fees by July 31 at 0.4% YES.

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