Oman proposes a Gulf-backed plan to Iran for managing the Strait of Hormuz with voluntary usage fees amid ongoing tensions.

Oman proposes a Gulf-backed plan to Iran for managing the Strait of Hormuz with voluntary usage fees amid ongoing tensions.

Offer is based on Asia's Strait of Malacca, where those who use it voluntarily contribute to management; Iran would not solely run the key waterway

Oman has presented Iran with a plan backed by Gulf states to manage the Strait of Hormuz, including collecting voluntary fees for using it, sources say.