Iran and Oman are reportedly moving forward with a proposal to levy a fee on commercial ships transiting the Strait of Hormuz.

The narrow waterway between Iran and Oman is considered one of the world’s most critical maritime corridors, especially for the movement of crude oil and natural gas.

The report suggests the plan would apply to merchant vessels using the strait, though details such as the fee structure and implementation timeline were not specified.

The Strait of Hormuz has long been viewed as strategically significant for international energy shipments, making any policy change there closely watched by global markets and shipping operators.