Oman Offers Iran Gulf-Backed Plan for Strait of Hormuz Management

Key points

• Oman presented Iran with a Gulf-backed proposal for joint Strait of Hormuz management, including voluntary payments from ships using the waterway, officials said.
• Gulf Cooperation Council foreign ministers discussed cooperation on vessel freedom and safety during a video conference, Qatar’s Foreign Ministry reported.
• Iran’s joint military command rejected using frozen Iranian assets to compensate damaged vessels and warned accepting countries or companies could lose passage, state media reported.