Oil nears $92 on UAE missile alert as Trump claims Iran talks stuck
Brent crude climbed near $92 a barrel on Tuesday, reaching its highest level this month amid new escalatory developments.
U.S. President Donald Trump allegedly threatened to bomb Oman over a proposed deal the country made with Iran regarding navigation in the Strait of Hormuz, according to two regional officials cited by the Associated Press. Neither U.S. nor Oman authorities released any immediate statements on the claims. Meanwhile, Iran announced it was near a deal with Oman on managing shipping traffic through the waterway, stating they were working on a joint statement.
Trump had threatened to bomb Oman if the country interfered with the U.S. blockade of Iranian ships in Hormuz. The officials said the Trump administration opposed Oman's involvement in parts of the deal, including joint management of the exit route out of the passage, which is crucial for global oil and natural gas supplies. They also expressed disappointment over Oman's acceptance of collecting voluntary fees from vessels for security and environmental protection.
The U.S. maintained that the Hormuz Strait was "open and operating," despite no talks being scheduled with Iran as the 60-day negotiating period ended.
Written by urgent.news from Hindustan Times - World News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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