AI Summary

Iran has rejected a proposal from Oman to evenly share control of the lanes in the Strait of Hormuz, as Tehran demands it control most of the critical oil and LNG chokepoint, a senior Iranian official told Reuters on Wednesday, as strikes in the region reignited and dashed hopes for a quick return to diplomacy. Oman, which lies opposite Iran in the narrow Strait of Hormuz, had proposed to divide the lanes evenly and ask a voluntary fee from ships to fund navigation, environmental protection, and rescue operations, similar to the system in place…

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