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Geopolitics

Oman is said to have presented to Iran a proposal for a joint regional mechanism to manage the Strait of Hormuz with "voluntary fees", according to sources

StockNow breaking-news AI analysis

Oman's proposal for a joint Strait of Hormuz management mechanism with fees could end Iran's sole control, potentially stabilizing global energy markets currently facing $100+ oil prices.

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The source said Iran would not exercise sole control of the Strait.

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