Oman proposes Hormuz management system with voluntary fees, source says

By Timour Azhari RIYADH, July 28 (Reuters) - Oman has presented a proposal to Iran for joint regional management of the Strait of Hormuz with shipping firms paying voluntary fees, a Gulf source told Reuters on Tuesday. The Strait of Hormuz — which carried a fifth of global oil and liquefied natural gas before the Iran war — has becomethe main hurdle in peace talks and a flashpoint for repeated escalations in the conflict.