Gulf states back plan to let Iran collect voluntary fees to use Hormuz
Summary
Gulf states support Oman's plan to let Iran collect voluntary fees for using the Strait of Hormuz as part of efforts to end disruptions to oil trade amid the US-Israeli war on Iran. President Trump calls off bombing campaign but warns strikes could resume if negotiations fail.
Key Points
- Oman received backing from Gulf states for a plan allowing Iran to collect voluntary fees for using the Strait of Hormuz.
- The plan aims to end disruptions in oil trade caused by the US-Israeli war on Iran.
- US President Donald Trump halted a bombing campaign but warned of potential resumption if talks with Iran fail.
- An agreement was reached in June for talks to resolve issues including Iran's nuclear programme and strait transit rights.
