Iran and Oman exchange proposals to manage Strait of Hormuz
Omani proposal is based on the Strait of Malacca model, where ships that use the strait provide voluntary fees.

Omani proposal is based on the Strait of Malacca model, where ships that use the strait provide voluntary fees.







![Kuwaiti officials inspect damage inside a terminal at Kuwait International Airport following a drone and missile attack,[reuters]](/wp-content/uploads/2026/06/reuters_6a20a9e4-1780525540.jpg?resize=770%2C513&quality=80)

Pressure is expected to build on the Iranian public, as well as global energy markets due to the US blockade.
Iranian forces: missiles and drones fired at US targets in Gulf States.
IRGC claims responsibility for strikes against US military assets in Bahrain, Kuwait, Oman, Qatar, Jordan and Syria.
Iran struck Bahrain, Qatar, Oman, Jordan and Syria in retaliation for US strikes.
Fatih Birol says ‘oil security is still a critical issue’ and world should be ‘worried’ if situation does not improve.
Both sides face pressure points that could make a protracted war painful.
Oil prices rise as the US renews a blockade on Iranian ports and carries out a wave of air strikes.
Trump says the US will start charging a cargo fee for ships passing through the Strait of Hormuz.
Expensive interceptor missiles are facing mounting pressure from Iran’s cheaply produced drones.
Tensions escalate as the US president threatens to destroy Iran’s fortified nuclear site in the south of Tehran.