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Iran-Gulf Hormuz Talks Set

Hormuz diplomacy eases oil fears as Iran-Gulf tensions threaten key crude routes.

from 5 sourcesUpdated Sep 11, 4:54pm ET

The reporting

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Iran’s foreign minister is expected to meet Gulf Cooperation Council counterparts from Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain and Oman in Oman on Monday to discuss the Strait of Hormuz. Iran’s Foreign Ministry said the talks are intended to “promote better understanding among the countries of the region.” Oil prices fell on signs of diplomacy over Hormuz, even as futures posted weekly gains tied to the wider Middle East conflict. Yemen’s Iran-backed Houthis have increased attacks on Saudi facilities and advanced near the Bab al-Mandeb Strait.

Analysis & opinion

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Iran Threat PersistsLeft & Center

Reopening or stabilizing the Strait of Hormuz does not mean the conflict with Iran-aligned forces is over. Diplomacy around one oil chokepoint may leave regional partners exposed to continuing threats elsewhere.

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