Pakistan, Turkey, Egypt, and Saudi Arabia Propose Suez Canal-Style Plan for Strait of Hormuz

Pakistan hosted talks with representatives from Turkey, Egypt, and Saudi Arabia as part of efforts to mediate an end to the war in Iran. Initial discussions focused on proposals to reopen the Strait of Hormuz to shipping, which has been effectively blocked by Iran in response to US-Israeli airstrikes. The countries involved in the talks have submitted proposals to Washington regarding maritime traffic and the opening of the Strait of Hormuz, as part of broader efforts to stabilize shipping flows. Approximately one-fifth of the world's oil and liquefied natural gas trade passes through the Strait of Hormuz daily. The proposals include the creation of a management mechanism for the Strait of Hormuz, similar to the Suez Canal, with potential participation from Turkey, Egypt, Saudi Arabia, and Pakistan. This could include charging fees for ships to pass through. The proposals have been discussed with the US and Iran. Turkey is prioritizing securing a ceasefire, while Pakistan has emerged as a key diplomatic channel in the conflict, leveraging its close ties with both Tehran and Washington. Ankara and Cairo have also played a role in the mediation efforts.