Iran will seek to bar US and Israeli ships from the Strait of Hormuz and require compensation from hostile countries before they’re allowed to use it, according to …

The proposed system would route incoming ships near Iran and outgoing vessels near Oman, while Washington insists Tehran will not control access or collect payments

Iran and Oman are close to reaching an agreement to restore commercial maritime traffic through the Strait of Hormuz, The New York Times reported, citing Iranian and US officials.