Iran and Oman have exchanged proposals regarding the future management of the Strait of Hormuz, as points of contention continue to exist between the two nations whose territorial waters border the strategic waterway. Oman presented a proposal to Iran ⁠for ⁠a joint regional mechanism to manage the Strait of Hormuz with “voluntary fees”, Reuters reported on Tuesday. Gharibabadi said that Tehran proposed to Oman that Iran would manage shipping through its side of ‌the strait and Muscat would manage part but not all of the opposite lane. Al Jazeera’s Tohid Asadi, also reporting from Tehran, said there remain many “points of contention” between Oman and Iran on Hormuz. The strait carried one-fifth of global energy supplies before ⁠the February 28 start of the US-Israel war on Iran.