DUBAI: Oman has presented Iran with a plan backed by Gulf states to manage the Strait of Hormuz, including collecting voluntary fees for using it, a Gulf source and a Western diplomat told Reuters on Tuesday. A senior Iranian source told Reuters that Tehran was yet to respond to the Omani proposals, intended to serve as a basis to end the disruption to trade through the strait caused by the US-Israeli war on Iran.

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.

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