Iran and Gulf states to meet in push for Hormuz deal, FT reports
Gulf foreign ministers plan to meet their Iranian counterpart in a push by Oman and Iran to secure buy-in for a temporary deal to manage shipping through the Strait of Hormuz , the Financial Times reported on Friday. Oil prices set to end week over $100 for first time in nearly 4 months The gathering is scheduled to be held on Monday in the Omani coastal city of Salalah, the report said, citing…
Gulf foreign ministers are set to meet their Iranian counterpart in Oman on Monday. The meeting, according to the Financial Times, aims to secure a temporary deal to manage shipping through the Strait of Hormuz.
The Strait of Hormuz is a key passage for oil shipments. The planned meeting comes as the region faces security concerns, including attacks by Houthi rebels on Saudi Arabia.
The Gulf Co-operation Council, comprising six Gulf states, recently condemned Houthi attacks on Saudi Arabia at a UN Security Council meeting. They warned that such attacks posed a direct threat to regional security and stability.
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