[Oman Proposes Establishing a Joint Management Mechanism for the Strait of Hormuz, Iran May Relinquish Sole Control] BlockBeats News, July 28, according to Reuters, sources in the Gulf region revealed that Oman has proposed a plan to Iran aimed at establishing a mechanism for the joint management of the Strait of Hormuz by regional countries. The plan includes a voluntary fee model to fund projects such as navigation management, environmental protection, and search and rescue operations. Sources stated that under this proposal, Iran would not have sole control over the Strait of Hormuz. The plan is modeled after the management system of the Strait of Malacca, which allows stakeholders using the strait to voluntarily contribute funds for the maintenance of navigational safety and related services. Currently, the proposal put forward by Oman has gained regional support.