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No signed Hormuz deal expected yet from Oman meeting on Monday, Iranian official says
The meeting follows tanker attacks and a surge in oil prices, as Iran seeks a fee-based shipping deal Oman has rejected.
Iranian President Masoud Pezeshkian confirmed plans for a regional meeting in Oman on Monday with Gulf Arab states to discuss shipping through the Hormuz Strait.
Tehran has negotiated for months with Oman regarding a potential deal to govern transport through the Strait, though officials disagree on whether Iran can collect transit fees.
Global oil prices surged after United States and Israel military actions in February, while Iranian allies, the Houthi, advanced near the Bab Mandeb Strait on the Arabian Peninsula.
Bahrain announced Saturday it will not attend the talks, while Oman has not officially announced the meeting, which was called at its initiative to discuss regional issues.
A senior Iranian official said Saturday that the meeting is not expected to yield a signed agreement over the waterway, despite the regional focus on shipping security.