Tehran dismisses proposal for regional management of the critical oil chokepoint, insisting on sole control over key shipping lanes.
Iran has dismissed Oman’s proposal for joint regional management of the Strait of Hormuz, a key oil transit route. A senior Iranian official stated the plan has no chance of success, asserting that only Iran and Oman should decide on arrangements based on their respective shares.
The proposal, unveiled by Oman, sought to involve multiple countries in managing the strait, which handles about 20% of global oil shipments. Iran rejected any role for third parties, demanding control over the inbound route and part of the outbound lane. The U.S. naval blockade in the region adds to tensions following the collapse of a recent ceasefire.
The strait remains Iran’s primary leverage in its conflict with the U.S., particularly amid stalled nuclear negotiations. Analysts suggest Tehran may consider limited concessions but will not cede control.