Oman has outlined a plan for shipping companies to pay service fees to transit the Strait of Hormuz, pointing to the straits of Malacca and Singapore as a possible blueprint.
Context: The Malacca and Singapore straits are vital shipping lanes in Southeast Asia running between Malaysia, Singapore and the Indonesian island of Sumatra.
Users of the straits, including governments, institutions and companies, made voluntary financial contributions toward a fund established by Japan’s nonprofit Nippon Foundation in 2008. The payments help cover the cost of ensuring safe transits, such as outlays for maintaining buoys and lighthouses, as well as protection…