{"id":57832,"date":"2026-07-28T09:21:14","date_gmt":"2026-07-28T09:21:14","guid":{"rendered":"https:\/\/www.vtmarkets.com\/en-ca\/uncategorized\/oman-proposes-joint-strait-of-hormuz-management-plan-as-oil-prices-ease-after-reuters-report\/"},"modified":"2026-07-28T09:21:14","modified_gmt":"2026-07-28T09:21:14","slug":"oman-proposes-joint-strait-of-hormuz-management-plan-as-oil-prices-ease-after-reuters-report","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/live-updates\/oman-proposes-joint-strait-of-hormuz-management-plan-as-oil-prices-ease-after-reuters-report\/","title":{"rendered":"Oman Proposes Joint Strait of Hormuz Management Plan as Oil Prices Ease After Reuters Report"},"content":{"rendered":"<p>Oman has put a proposal to Iran for a joint regional mechanism to manage the Strait of Hormuz, according to a Gulf source cited by Reuters. The passage carries almost 20% of the global energy supply, and the plan is said to have regional backing. It would introduce voluntary fees from users to finance navigation support, environmental protection, and search-and-rescue operations.<\/p>\n<h3>Regional Model and Funding Mechanism<\/h3>\n<p>The Gulf source said the model draws on the Strait of Malacca, where users contribute voluntarily to a fund for similar functions. Under the Omani proposal, Iran would not exercise sole control of the Strait of Hormuz.<\/p>\n<h3>Market Reaction<\/h3>\n<p>Markets softened after the report: WTI crude was trading 1.1% lower at about $80.30.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><b>Start trading now \u2014 click <a href=\"https:\/\/www.vtmarkets.com\/en-ca\/trade-now\/>here<\/a> to create your real VT Markets account.<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":"<p>Oman proposed Iran join regional Hormuz management, with voluntary user fees funding safety, environment, and rescue operations.<\/p>\n","protected":false},"author":87,"featured_media":55940,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-57832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/57832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=57832"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/57832\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/55940"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=57832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=57832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=57832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}