The talks between Iran and Gulf states on the Strait of Hormuz have been postponed, according to Oman, which cited the need for consensus. The delay comes amid rising concerns over oil supply stability, following recent attacks and the shutdown of Saudi Arabia’s main pipeline.
A merchant vessel was struck in the Strait of Hormuz, killing one crew member, and Saudi Arabia closed its pipeline bypassing the waterway, intensifying fears of disrupted energy flows. These developments have raised alarm in global markets, with oil prices surging past $108 a barrel.
Iran has denied involvement in recent attacks and accused the United States of war crimes, while Saudi Arabia sought to delay the talks, according to Iranian officials. The situation highlights the growing vulnerability of Gulf nations, which rely heavily on Hormuz for oil exports.
The war in West Asia has exposed the region’s dependence on a single waterway, prompting efforts to find alternative routes for energy exports. Oman has called for new LNG pathways to reduce reliance on Hormuz, reflecting broader concerns over energy security.
