HomeInternational ShippingNo signed Hormuz deal expected yet from Oman meeting on Monday, Iranian...

No signed Hormuz deal expected yet from Oman meeting on Monday, Iranian official says

OMAN: A meeting between Iran and Gulf states planned for Monday in Oman will be a chance to discuss issues including ​the Strait of Hormuz, but is not expected to ‌yield a signed agreement over the blockaded waterway, a senior Iranian official said on Saturday.

Iran has been negotiating for months with Oman, which controls ​the opposite bank of the strait, over a deal that ​would govern transport through it. Oman has long said ⁠its negotiations are supported by other Arab countries in the ​Gulf.

Tehran announced on Friday that it was planning to attend a ​meeting with Gulf countries in Oman on Monday. Oman has not officially announced the meeting and other regional states have so far remained silent. Bahrain ​said on Saturday it would not attend meetings with Iran.

The Iranian ​official, who discussed the plans on condition of anonymity, said Monday’s meeting was ‌called ⁠at Oman’s initiative, and would provide a forum to discuss other regional issues as well as Hormuz.

According to the Iranian official, Iran still wants an agreement that would allow it to collect ​fees from ships ​that use the ⁠strait, which Oman rejects.

Around a fifth of global oil supplies transited the strait before the United ​States and Israel attacked Iran in February, launching ​the war.

Global oil ⁠prices have surged over the past week after the United States and Iran both fired on tankers in the strait, and Iran’s Houthi ⁠allies ​in Yemen advanced near another crucial Middle ​East conduit for oil, the Bab el-Mandeb Strait on the opposite side of the ​Arabian Peninsula.

Source: Reuters

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