Oman has delivered a proposal to Iran envisaging regional management of the Strait of Hormuz and only voluntary fees for transit rather than Tehran's vision of maintaining control of the waterway and charging for its use.
Control of the strait, the narrow waterway between the Gulf and the Indian Ocean that is the main route for about a fifth of world oil supplies and other vital goods, has been a main sticking point in efforts to resolve the U.S.-Iran war.
