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60GEOPOLITICS

Iran and Gulf states to hold meeting in Oman to discuss security of Strait of Hormuz

⚡ Markets: A potential diplomatic off-ramp that could reduce the immediate risk of a full closure of the Strait of Hormuz. Any positive outcome would be bearish for the oil risk premium, while a failure could see it rise further.BrentWTI

Iran's Foreign Ministry announced that it will meet with foreign ministers from Gulf Arab states in Oman on Monday. The talks are intended to discuss ensuring the safety of commercial shipping through the Strait of Hormuz amid heightened regional military tensions.

West MSM: noneNon-West State 2Non-West Ind. 2Financial press 1Regional 26 countries
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