Oman Proposes Voluntary Service Charges Model for Strait of Hormuz on July 28

According to Lloyd's List, Oman proposed to Iran on July 28 a shared management mechanism for the Strait of Hormuz based on a voluntary service charges model similar to the Malacca Strait arrangement. Under the proposed framework, countries and shipping companies would voluntarily contribute to navigation safety costs rather than paying mandatory tolls.

Based on industry and diplomatic sources cited by Lloyd's List, negotiations are making progress, with initial signals suggesting the U.S. negotiating team is reviewing the framework positively. The proposal could potentially reopen the critical maritime route and support broader U.S.-Iran negotiations aimed at ending the dispute.