Oman has put forward a proposal to Iran, supported by other Gulf nations, to collaboratively manage the Strait of Hormuz. The core of the plan involves establishing voluntary fees for ships transiting the crucial waterway, aiming to ensure continued safe passage for international trade. This initiative seeks to prevent Iran from exercising unilateral control over the strait and potentially disrupting global shipping. Discussions centered around resolving potential trade disruptions and enhancing waterway security were held by the Gulf Cooperation Council. As of yet, Iran has not publicly responded to Oman's proposals. The proposed fee structure is intended to be voluntary, incentivizing participation and fostering a cooperative environment. The move signals a diplomatic effort to de-escalate tensions and safeguard a critical global trade route.