Iranina officials not expecting deal from Monday meeting with Oman, Gulf States
Iranian officials do not anticipate a signed agreement from an upcoming meeting with Oman and Gulf states regarding the Strait of Hormuz. Bahrain has declined to attend until diplomatic ties are restored, and Iran still seeks to collect fees from ships using the strait.
Why it matters
The Strait of Hormuz is a vital global oil conduit, and the ongoing lack of agreement on its governance, coupled with regional tensions, has significant implications for global energy security and prices.
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 other Arab countries in the Gulf support its negotiations.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.
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