Oman is poised to emerge as the primary beneficiary of Iran's ceasefire proposal with the United States, which includes a provision for both Iran and Oman to impose transit fees on vessels passing through the Strait of Hormuz. This narrow waterway, which is critical for global oil trade, has been effectively controlled by Iran since the onset of the conflict on February 28. Iran's 10-point ceasefire proposal aims to allow Tehran to collect fees based on the type of ship and its cargo, a move that could provide much-needed funds for post-war reconstruction efforts in Iran. While the United Nations Convention on the Law of the Sea (UNCLOS) restricts countries from charging for mere passage, it does allow for fees related to specific services. The international community faces challenges in enforcing free passage through the Strait, especially given the ongoing military actions by the US and Israel against Iran. China, a key energy importer with strong ties to Iran, may have a significant role in influencing the situation.