Geopolitics|Trade — Iran-Oman talks on Strait of Hormuz advance; regional maritime alliance proposed

Talks between Iran and Oman over managing navigation in the Strait of Hormuz have made significant progress, according to diplomatic sources. Oman has reportedly proposed forming a regional alliance to provide and manage maritime services in the strait, similar to the model used in the Strait of Malacca. The proposal includes a voluntary payment system for ships using the services, aiming to enhance security and regulate traffic in the critical waterway.