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Oman wins Gulf backing for plan allowing Iran to collect Strait of Hormuz transit fees

Under the Omani proposal, Iran would not exercise sole control and fees would be voluntary, a source told Reuters

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A commercial vessel in the international shipping lane off Yemen’s Hanish Island in the Red Sea. PIC/AFP

A commercial vessel in the international shipping lane off Yemen’s Hanish Island in the Red Sea. PIC/AFP

Oman has won backing from Gulf states for a plan that would let Tehran collect voluntary fees to use the Strait of Hormuz

President Donald Trump, who abruptly called off a two-week US bombing campaign over the weekend in his latest strategic U-turn, said there were “good talks” underway with Iran but threatened to restart strikes unless negotiations deliver. Iran denies seeking to resume talks with the US.

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