Strait of Hormuz to be run by multinational coalition under White House plan, The Telegraph reports; Second proposal put forward by Pakistan and regional powers
Importance
Level 1
- Rubio stressed there would be “no fees, and free circulation” through the key shipping route, according to one interpretation of his intervention.
- But a second proposal, reported by Reuters, has emerged in discussions between Pakistan and regional powers; a Pakistani source, said the new plan was shared with the White House ahead of the talks on Sunday.
- Much like the American proposal, it involved a multinational consortium, made up of Pakistan, Egypt, Turkey and Saudi Arabia, which would manage oil flows through the Strait.
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