Oman, Iran announce plan to handle 'costs' of navigating Strait of Hormuz

Key Points:

• Iran and Oman announced a joint effort to manage navigation and associated costs in the Strait of Hormuz, raising concerns that they may impose tolls on ships passing through the critical waterway.
• The two countries agreed to continue dialogue via a joint working group to establish future administration and services in line with international standards, though details remain vague.
• The Trump administration, represented by Secretary of State Marco Rubio, firmly rejected any tolls or fees on the strait, citing existing international law that prohibits such charges on international waterways.
• Oman’s Foreign Minister affirmed a commitment to toll-free safe passage, but it is unclear if this applies only during the current 60-day negotiation window between the US and Iran.
• Iran has recently required commercial vessels to register with its Persian Gulf Strait Authority and purchase insurance, a move opposed by Western insurers who warn it could hinder the recovery of shipping traffic to pre-war levels.