HORMUZ SHIPPING TALKS BETWEEN IRAN AND GULF NATIONS HAVE BEEN POSTPONED, WITH OMAN SAYING THE MEETING WAS DELAYED “IN THE INTERESTS OF CONSENSUS” AS EFFORTS TO CREATE A TEMPORARY SHIPPING LANE CONTINUE.
THE DELAY COMES AS BRENT CRUDE REMAINS ABOVE $105 AND IRAN SAYS ANY FUTURE SHIPPING ARRANGEMENT WOULD NOT FULLY REOPEN THE STRAIT, WITH TEHRAN RETAINING CONTROL OVER WHICH SHIPS CAN TRANSIT.