Gulf foreign ministers to meet with Iranian FM in push to secure deal for Strait of Hormuz
Oman convenes Gulf Cooperation Council and Iran to discuss maritime security and free passage through the Strait of Hormuz, addressing regional economic impacts.
- 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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The Omani city of Salalah will host the meeting of Gulf chancellors to evaluate navigation corridors, based on consultations between Iran and Oman to define safe routes in Ormuz.
The Sultanate of Oman is preparing to host a ministerial meeting that will bring together Iran and Arab States around the Gulf to examine the security of navigation through the Strait of Hormuz and ways to draw safe trade corridors, under Iranian conditions linked to the United States blockade.
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.
Gulf states weigh talks with Iran on Strait of Hormuz amid escalating tensions
Gulf states are considering talks with Iran on the future of the Strait of Hormuz as the prolonged US-Iran conflict, Houthi advances and disruptions to key shipping routes intensify pressure on regional economies and global oil markets.
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