Iran officially rejects Oman’s regional joint Hormuz management proposal
Source Fxstreet
According to a senior official from Iran, the nation doesn’t support Oman's proposal for regional joint management of Strait of Hormuz, a critical chokepoint for almost 20% of global energy supply.
Additional remarks
The proposal has no chance of success.
Only Iran and Oman can decide on arrangements for the strait based on respective shares.
Iran rejects any role for other countries to be involved.
The entire inbound route and part of the outbound route through the strait must be under Iranian control.
Oman is a valuable neighbour but 50-50 joint control arrangement will not work.
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