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Oman proposes voluntary fees plan to manage Strait of Hormuz
The proposal would use a Gulf-backed framework for Iran and Oman to charge ships service fees, as trade disruption continues in one of the world’s top oil and LNG chokepoints.
Oman has presented Iran with a Gulf-backed plan to manage the Strait of Hormuz, Reuters reported, including a mechanism to collect voluntary fees from ships that use the passage.
The plan could provide a basis to reduce disruptions to trade in the strait linked to the US-Israeli war on Iran. Trump said there were “good talks” under way with Iran, but he threatened to restart strikes if negotiations do not produce results.
The strait carries about a fifth of global oil and liquefied natural gas, and it was effectively closed to most shipping after attacks on February 28. A partial reopening deal reached last month between Washington and Tehran collapsed in early July after Iran fired on ships using a channel it does not approve.
Iran has said it wants to manage the strait alongside Oman, which controls the opposite shore, and charge service fees to ships that use it. Washington, meanwhile, wants a return to prewar conditions with free passage and says mandatory fees would be illegal.
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