Gulf states back plan to let Iran collect voluntary fees to use Hormuz
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Gulf states have backed a proposal aimed at reducing disruption to global oil trade by allowing Iran to collect voluntary fees from ships using the Strait of Hormuz, according to sources familiar with the discussions.
The plan is part of wider efforts to restore stability after weeks of conflict between the United States and Iran, which disrupted shipping through one of the world’s most important energy routes. Around one-fifth of global oil and liquefied natural gas supplies previously passed through the strait.
Under the proposal, Iran would not have exclusive control over the waterway and any payments from ships would be voluntary. The arrangement would follow a model similar to the Strait of Malacca, where countries receive voluntary contributions to support navigation, environmental protection and search-and-rescue operations.
US President Donald Trump said there was a possibility of progress in talks with Tehran but warned that military strikes could resume if negotiations fail. Iran, however, has denied seeking new discussions with Washington.
The diplomatic efforts follow a period of heightened tensions, including US and Israeli strikes on Iran and retaliatory attacks in the region. The easing of hostilities has contributed to a fall in oil prices as markets responded to hopes of a more stable energy supply.
