US charges Hormuz feesIran has turned down Oman’s proposal for an equal division of shipping management in the Strait of Hormuz, suggesting instead a temporary route under Tehran’s authority, according to Deputy Foreign Minister Kazem Gharibabadi. The proposal would allow Iran to control inbound traffic and part of the outbound lane. Key TakeawaysIran’s rejection of Oman’s proposal appears to reinforce Tehran’s assertive stance in controlling Strait of Hormuz shipping lanes. Market pricing suggests a low probability that the U.S. will impose fees on the Strait of Hormuz by the end of July. What to WatchObservers should monitor any diplomatic developments between Iran and Oman, as well as any U.S. responses to Iran’s proposal.