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Oman proposes voluntary fees to reopen Hormuz
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Business Insurance
Oman proposes voluntary fees to reopen HormuzOman has proposed jointly managing the Strait of Hormuz with Iran and allowing voluntary payments from vessels using the waterway in an effort to restore commercial shipping, Marine Insight reports, citing Reuters and News18.
Tehran rejected an earlier Omani proposal to split shipping responsibilities equally, instead proposing that Iran manage traffic in one direction through its side of the strait while Oman oversees some, but not all, traffic in the opposite direction.