Oman proposes Hormuz management system with voluntary fees, source says

The proposal is based on the Strait of Malacca, which connects the Indian and Pacific Oceans and is jointly managed by the states bordering it: Indonesia, Malaysia, and Singapore.

There, shipping firms make contributions for the upkeep of navigational safety aids including buoys and lighthouses.

Similarly under the Omani proposal, those using the Strait of Hormuz would voluntarily contribute to a fund that finances the cost of managing navigation, environmental protection and search and rescue, among other services.

An Omani foreign ministry official did not respond to a request for comment.

The U.N.'s International Maritime Organization said it was not involved in the discussions.

"Any proposal for new shipping routes or traffic management measures should be submitted to IMO for consideration by member states," an IMO spokesperson said.