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Iran talks in Oman postponed, Houthis suffer losses in Yemen and oil price nears $108

In today’s episode of Trending Middle East , a meeting between Iran and Gulf states in Oman is postponed, after the sultanate said the appropriate conditions were not in place. Tehran and Muscat jointly agreed to reschedule the talks, which had been set to take place in Salalah. Yemen’s Iran-backed Houthi rebels suffer heavy losses in clashes with government forces in Taiz, after making major…

Iran talks in Oman postponed, Houthis suffer losses in Yemen and oil price nears $108

Iranian and Gulf state talks in Oman have been postponed, as the sultanate claims suitable conditions for the meeting are not yet in place. Tehran and Muscat have agreed to reschedule the dialogue, originally scheduled to occur in Salalah.

In Yemen, Iran-backed Houthi rebels have suffered significant casualties during clashes with government forces in Taiz, despite previously gaining ground along the Red Sea coast.

Saudi Arabia has responded to attacks by closing its East-West pipeline, eliminating a crucial channel for crude exports that does not pass through the Strait of Hormuz. Consequently, oil prices are edging closer to $108 per barrel.

Dubai has set a record for international tourism during August, with 869,000 overnight visitors arriving in the city since the war in Iran commenced. In Abu Dhabi, a new off-plan mortgage framework is anticipated to facilitate financing for potential buyers, thereby enhancing confidence in the emirate's property market.

Written by urgent.news from The National UAE's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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