Oman and other nations in the Gulf states have backed a plan that would let Tehran collect voluntary fees to use the Strait of Hormuz.
A Gulf source told Reuters on Tuesday, a path towards ending the disruption to oil trade caused by the U.S.-Israeli war on Iran.
President Donald Trump, who abruptly called off a two-week U.S. bombing campaign over the weekend in his latest strategic U-turn, said there were “good talks” under way with Iran but threatened to restart strikes unless negotiations deliver.
Iran denies seeking to resume talks with the United States.
Washington launched its renewed bombing campaign earlier this month to break Iran’s grip on the strait, through which about a fifth of global oil and liquefied natural gas flowed before the war.
Iran effectively shut the strait to ships other than its own after the United States and Israel attacked on February 28.
A deal last month between the United States and Iran partially reopened it, but the agreement collapsed in early July after Iran fired on ships using a channel it does not approve.
