Battle for the Strait: Oman Proposes Deal, Iran Responds with Strict Counter-Offer
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Battle for the Strait: Oman Proposes Deal, Iran Responds with Strict Counter-Offer Diplomatic efforts to reopen and secure the Strait of Hormuz —the narrow waterway responsible for nearly 20% of the world’s crude oil and liquefied natural gas (LNG) traffic—have hit a critical juncture. Oman, acting as a key regional mediator, presented a Gulf-backed plan to restore commercial shipping across the strait. However, Tehran officially rejected the terms and responded with a strict counter-proposal of its own, warning that the vital maritime corridor will remain restricted unless its national security demands are met. Here is a breakdown of what was proposed, why the talks stalled, and what it means for global energy markets. The Two Proposals at a Glance The impasse centers on who controls the shipping lanes and whether vessels should pay to pass through. Feature Oman’s Gulf-Backed Proposal Iran’s Counter-Proposal Control Split 50–50 Joint Oversight . Even split between Iranian and Om...