Gulf foreign ministers to meet with Iranian FM in push to secure deal for Strait of Hormuz
Oman is aiming to bring Gulf and Iranian ministers together to discuss a framework for reopening maritime traffic, with oil markets already strained.
- Foreign ministers from the Gulf Cooperation Council and an Iranian official will meet Monday in Salalah, Oman, to discuss managing shipping transit through the Strait of Hormuz, according to reports.
- The Strait of Hormuz has been effectively closed to commercial traffic since the United States and Israel launched military operations against Iran in February, forcing energy producers to seek alternative routes.
- Tehran insists on retaining control over transit through the strategic waterway, while Iranian officials have signaled they will not return to negotiations until President Donald Trump lifts the naval blockade.
- Proposals for a temporary management framework reportedly involve the payment of transit fees, a condition the U.S. and Gulf states strongly oppose, casting doubt on the meeting's potential for success.
- Amid ongoing military exchanges, global oil prices have surged this week, with Brent crude on track for its biggest weekly advance since July despite declining more than 3% on Friday to about $104 a barrel.
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Iran and several states in the Gulf area are scheduled to hold talks on Monday on the Ormuz Strait, the Iranian Foreign Ministry announced Friday, conveys the message. The meeting will be hosted by Oman, the ministry said.
Iran's Foreign Ministry said it is holding talks with Gulf states in Oman on Monday to discuss the strategic Strait of Hormuz, which the Islamic republic has blocked since the outbreak of war in the Middle East.
Meeting to discuss outcome of Iran-Oman talks on determining safe routes in Strait of Hormuz, according to Iranian Foreign Ministry spokesman
This meeting is expected to promote better understanding between the countries of the region and contribute to strengthening common regional security, the Iranian Foreign Ministry said in a statement.
Iranian Foreign Ministry:. We will hold a meeting on the Strait of Hormuz in Oman on Monday, with the participation of Iraq and the countries bordering the Persian Gulf
Iranian Foreign Ministry:We will hold a meeting on the Strait of Hormuz in Oman on Monday, with the participation of Iraq and the countries bordering the Persian Gulf
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