Oman, Iran announce plan to handle ‘costs’ of navigating Strait of Hormuz

Iran and Oman have formed a working group to manage and cover the costs of navigating the Strait of Hormuz, a critical maritime route. This move comes amid tensions with the U.S., which opposes Iran's potential to charge tolls. The collaboration highlights regional efforts to assert control over a vital waterway despite international objections, underscoring the complex geopolitical dynamics at play in this strategic chokepoint. This initiative could reshape regional power dynamics and influence global shipping routes.