Oman proposed a joint management framework to Iran for control over the Strait of Hormuz, Reuters reported on Tuesday quoting sources. The framework also includes a transit fee.
According to the Omani proposal, Iran will not hold sole control over the strait. The proposal is inspired by the framework practiced on the Strait of Malacca, where vessels transiting through the strait pay voluntarily to support navigation, environmental protection and search-and-rescue operations.
Furthermore, Iran has asserted that the US has accepted its authority over the Strait of Hormuz citing Article 5 of an earlier agreement between the two nations and attacked multiple ships trying to pass via the waterway and witnessed continuous airstrikes from the US in response.
The ongoing conflict is on hold as the US suddenly halted its air campaign against Iran on July 23 and Iran likewise suspended military strikes on US targets.
Moreover, US President Donald Trump stated that the US was having what he described as good talks with Iran and there are chances of settlement but he also cautioned that the airstrikes will be resumed if the talks fail.
