🇮🇷🇴🇲⚡- Iran and Oman are reportedly discussing a proposal to gradually replace the current northbound and southbound shipping lanes in the Strait of Hormuz with a single central navigation corridor.

Under the plan, during the transitional phase vessels would initially continue entering through the northern lane near Iran and exiting through the southern lane near Oman.

Post transitional phase, all maritime traffic would be routed through the central corridor, with Iran overseeing inbound traffic and Iran and Oman jointly managing outbound traffic. Transit fees would be based on services provided, including insurance, bunkering, and environmental support, rather than a percentage of cargo value. This is in contradiction to an earlier Reuters report that stated a fixed 3-7% tariff on cargo value.

Source: Fars News.