Strait of Hormuz Reopening Plan Proposes Toll-Free Transit for Ships
An Iran-Oman proposal would allow ships to transit the Strait of Hormuz without tolls or service fees for a 60-day trial period, potentially easing regional tensions.
A joint initiative between Iran and Oman aims to reopen the Strait of Hormuz under a toll-free transit model. The plan, as reported, would see vessels enter via the Iran‑side channel and exit through the Oman‑side channel, with coordinated traffic management.
If approved, a 60‑day period with no transit tolls or service fees would be implemented immediately. The proposal is seen as a confidence‑building measure that could lead to renewed U.S.‑Iran negotiations under a June memorandum of understanding.
No official timeline for approval was given, but the move signals a diplomatic overture in a critical global shipping corridor.
Source: First Squawk