Omani proposal to Iran on Hormuz has regional backing: Sources

Oman has presented a proposal to Iran for a joint regional mechanism to manage the Strait of Hormuz with voluntary fees. Under the Omani proposal, which has regional backing, Iran would not exercise sole control of the vital waterway, the source added. The proposal is based on the Strait of Malacca, where those who use the strait voluntarily contribute to fund navigation, environmental protection and search and rescue.