Iran and Gulf states postpone Monday talks on reopening Strait of Hormuz

A planned Monday meeting in Oman between Iran and Gulf states to discuss reopening the Strait of Hormuz was postponed on Sunday. Oman's foreign minister said the delay was 'in the interests of consensus,' while Iran's foreign ministry attributed it to a request from Saudi Arabia, which is frustrated over continued attacks on its territory by Iran-backed groups including the Houthis.

Why this matters. The postponement removes the nearest scheduled opportunity to restore Hormuz shipping traffic, prolonging the halt that has driven diesel and gasoline prices to record highs.