Iran and Oman have jointly proposed the introduction of a toll system for vessels transiting the Strait of Hormuz, according to reports from Malaysian media outlet Utusan Malaysia.
The suggestion marks a significant shift in the diplomatic and operational approach to the world’s most critical energy chokepoint, moving beyond security guarantees to a monetized framework for passage.
The proposal comes as markets are closely watching the normalization of flows through the strait.
India recently lifted emergency gas curbs after LNG shipments through the Hormuz resumed, signaling a tentative return to stability in regional energy supplies.
However, the introduction of a toll could introduce new cost variables for shipping companies and energy traders, potentially impacting freight rates and the landed cost of Middle Eastern crude and gas.
This development follows a series of diplomatic engagements aimed at de-escalating tensions in the region.