Oman-Iran talks advance with draft Hormuz shipping plan modelled on Malacca Strait
- Oman has reportedly proposed a joint Iran-regional mechanism for managing the Strait of Hormuz, based on the Strait of Malacca model and funded through voluntary service charges
- Industry and diplomatic sources say negotiations are advancing, with early indications that US negotiators may be receptive to the framework
- While discussions remain volatile, the proposal could pave the way for reopening key shipping lanes through Hormuz and support broader US-Iran talks aimed at ending the conflict
A draft Oman-backed proposal modelled on the Strait of Malacca has emerged as the leading framework for restoring shipping through the Strait of Hormuz, offering the strongest indication yet that Tehran, regional states and Washington may be converging on a diplomatic solution