Image for representation purposes only Iran is discussing a new payment system with Oman for ships passing through the Strait of Hormuz, despite strong opposition from the United States. The proposal could affect one of the world’s most important shipping routes, as around 20% of global seaborne oil and natural gas trade moves through the Strait of Hormuz. Any new charges, delays or restrictions in the waterway could impact global shipping, tanker operations, energy prices and marine insurance costs. According to reports first published by Bloomberg and later detailed by the New York Times, Iran is proposing a system under which vessels using the Strait of Hormuz could face charges described as service fees rather than direct transit tolls. The proposal has already faced strong opposition from the United States, which said any payment system affecting international shipping through the waterway would be unacceptable. Officials familiar with the talks said Iranian authorities have discussed sharing revenue from the proposed system with Oman. Oman, a long-time US ally located along the Gulf of Oman near the eastern entrance of the strait, had initially resisted the proposal but later joined discussions because of the potential economic benefits. The talks come months after Iran sharply reduced commercial shipping traffic through the Strait of Hormuz following attacks by US and Israeli forces in late February. The disruption temporarily slowed shipping activity and pushed up energy prices, highlighting Iran’s influence over a maritime route that is vital for global oil exports. On Wednesday, Iran’s newly created Persian Gulf Strait Authority said it had defined the “management supervision area” for the Strait of Hormuz and added that ships would require permits to pass through the controlled zone. Iranian state media outlet Press TV separately reported that Tehran was developing a mechanism to regulate maritime traffic and charge vessels for “specialised services”. Ira