Iran is considering a plan to reopen the Strait of Hormuz by creating a voluntary fund financed by Gulf states and European countries that rely on the route.

Iran is considering a plan to reopen the Strait of Hormuz by creating a voluntary fund financed by Gulf states and European countries that rely on the route. Rather than imposing formal tolls, the fund would cover navigation, environmental protection, and search-and-rescue services, similar to the existing model used in the Strait of Malacca. The proposal, reportedly backed by Oman, could provide a legal workaround since international law does not permit mandatory transit fees in key shipping chokepoints. Source: The Telegraph