Gulf states have backed a plan that allows Iran to collect voluntary payments from ships passing through the Strait of Hormuz, Reuters reported, citing a source from a Gulf country. According to the agency, the plan was proposed by Oman and is intended to address disruptions in oil trade that followed US and Israeli military operations against Iran.
Economy
Gulf States Back Iran's Plan to Collect Voluntary Payments from Ships in Strait of Hormuz
Gulf countries have endorsed a plan for Iran to collect voluntary payments from vessels transiting the Strait of Hormuz, aimed at resolving oil trade disruptions.
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US and Israeli military operations against Iran caused oil trade disruptions through the Strait of Hormuz
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Oman proposed a plan for Iran to collect voluntary payments from ships to address disruptions
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Gulf states backed the plan
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