Hormuz Toll Proposal by Iran

The plan would involve tolls denominated in yuan or cryptocurrency, a move seen as a direct challenge to the dominance of the US dollar in global energy markets.

Pakistan has put forward a separate proposal for joint naval patrols to ensure the safety of commercial traffic in the strait.

US negotiators have reportedly hit a 'stalemate' over the issue, with Washington insisting on free and open passage.

The outcome of these discussions will have profound implications for global energy prices and the stability of the Middle East.