Iran, Oman near deal to reopen Strait of Hormuz with both countries collecting ‘service fee’: report

Source: New York Post

Iran and Oman are close to an agreement to fully reopen the Strait of Hormuz to shipping traffic that would see both countries collect a so-called “service fee” to cover environmental and security costs. The New York Times reported late Monday, citing Iranian and US officials familiar with the developing accord, that ships entering the strait from the Indian Ocean via the Gulf of Oman would be required to take a route through Iranian territorial waters. Vessels exiting the strait from the Persian Gulf would take a route near Oman’s coast along the south side of the strait.