Oman has presented Iran with a Gulf-backed proposal to jointly manage the Strait of Hormuz, including a system of voluntary fees for ships using the strategic waterway, according to a Gulf source and…

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

Proposal would deny Tehran sole control of the strategic waterway while allowing optional payments modeled on the Strait of Malacca, as Trump threatens renewed strikes if…

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