DUBAI -UNS: Gulf states have expressed support for an Omani proposal that would allow Iran to collect voluntary navigation fees from vessels transiting the Strait of Hormuz, in a move aimed at restoring stability to one of the world’s most critical energy corridors following months of conflict.
According to a Gulf source, the proposal would establish a cooperative management framework under which Iran would not exercise sole control over the strategic waterway. Instead, ships would be invited—but not required—to make voluntary contributions to support navigation, environmental protection, and maritime safety, similar to the funding model used in the Strait of Malacca.
The initiative comes after months of disruption to global oil shipments caused by the US-Israeli conflict with Iran. Approximately one-fifth of the world’s oil and liquefied natural gas exports normally pass through the Strait of Hormuz, making any disruption a major concern for international energy markets.
Iranian Foreign Minister Abbas Araqchi discussed the proposal with his Omani and Saudi counterparts, emphasizing the importance of regional cooperation in ensuring maritime security and freedom of navigation.
Meanwhile, US President Donald Trump said negotiations with Iran were showing positive signs but warned that Washington was prepared to resume military operations if diplomatic efforts failed. “There’s a good chance that something could happen,” Trump said, adding that the United States would return to military action if talks did not produce results.
Iran, however, maintains that it has not sought new negotiations with Washington and accuses the United States of violating previous understandings reached on a framework for dialogue.
Despite the diplomatic momentum, regional security concerns remain high following recent drone incidents reported in Jordan, Saudi Arabia, and northern Iran.
The easing of immediate military tensions has been welcomed by financial markets. Brent crude oil prices continued to decline after the suspension of US airstrikes, reflecting investor expectations that diplomacy could reduce the risk of further disruptions to global energy supplies.
