12 Hrs
Source:
CNN Arabic
Iran-Gulf Foreign Minister Meeting Revealed
Gulf countries and Iran are managing navigation traffic through the Strait of Hormuz. It is expected that Foreign Ministers will meet in Oman to discuss an agreement aimed at regulating the passage of ships through this vital waterway. Iranian negotiations with Oman, which has a coastline along the strait, have led to a drop in oil prices, with Brent crude futures falling more than 3%, amid concerns that Iran might impose fees on ships. The cooperation faces challenges due to escalating tensions with Iran, which desires an official role in managing the traffic and has launched attacks on Gulf countries in response to American and Israeli policies toward it.
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