Oman has put forward a proposal to Iran, supported by other Gulf states, to establish a system for managing the vital Strait of Hormuz. A key component of this plan involves the collection of voluntary fees from vessels traversing the strait. This initiative comes as a potential pathway to de-escalate tensions and restore stability to crucial trade routes. Sources indicate the plan aims to address disruptions stemming from the ongoing conflict involving the U.S. and Israel against Iran. The Gulf source and Western diplomat who revealed the details to Reuters suggest it could serve as a foundation for negotiations. While labeled “voluntary,” the fees represent a significant move towards regional control of the waterway. This proposal demonstrates a collaborative effort by Gulf nations to mitigate the impact of regional instability on global commerce.