Iran and some Gulf states are formally meeting in order to push and finalize an Iran+Oman-backed deal and framework for the reopening of the Strait of Hormuz, coming at the end of a week where multiple tankers have been attacked, including unprecedented US strikes on an Iranian civilian vessel.
"Gulf foreign ministers plan to meet their Iranian counterpart in a push by Oman and Iran to secure buy-in for a deal temporarily managing shipping through the Strait of Hormuz, as regional states seek a pathway to ease hostilities over the waterway," Financial Times reports.
"The gathering, an Omani initiative, would be the first meeting between the top diplomats from the six-member Gulf Cooperation Council and a senior Iranian official since the US and Israel launched the war against the Islamic republic in February," the publication details.
Officials have told FT the meeting is set for Monday in the Omani coastal city of Salalah, though details and arrangements are still being finalized.
Global oil prices have been steadily moving up in the last week, amid further 'limited' US-Iran tit-for-tat exchanges of blows in Hormuz, southern Iran, and beyond - including Jordan, which saw waves of ballistic missile attacks on a US base.
Meanwhile Israeli Prime Minister Benjamin Netanyahu has congratulated President Trump for keeping up the pressure on Iran, which has included unprecedented sanctions.
Netanyahu stated on X the US and Israel have achieved "historic progress" over the last year, which h
