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Oil climbs toward $108 as Hormuz talks with Iran are postponed

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Source: Financial Times
Oil climbs toward $108 as Hormuz talks with Iran are postponed
Photo: Financial Times
TL;DR Summary

Oil prices rose toward $108 a barrel, with Brent up about 3.5% at market open, after Gulf states postponed a crunch meeting with Iran on managing the Strait of Hormuz. The delay, tied to a lack of consensus among Gulf partners, postpones efforts to reopen shipping through the chokepoint amid broader regional tensions, including Iran’s shipping restrictions and attacks on energy infrastructure in the region. The Oman‑led discussion and wider diplomacy remain fragile as the US‑Iran standoff persists.

Topics:world#commodities#gcc#iran#markets#middle-east-war#note-extra-tag-trimmed-for-top5#oil
Share this article
  1. Gulf states postpone talks with Iran over Hormuz impasse  Financial Times
  2. Diplomacy stumbles with postponement of meeting on Strait of Hormuz proposal  Reuters
  3. Diplomacy stumbles as meeting on Hormuz between Iran and Gulf states is postponed  The Times of Israel
  4. Iran war live: Oman says Hormuz talks with Iran, Gulf states postponed  Al Jazeera
  5. Meeting Between Iran, Arab States Postponed as Mideast Diplomacy Stalls  The New York Times

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