Oman Postpones Strait of Hormuz Talks with Iran and Gulf States

Oman has announced the postponement of planned talks regarding the Strait of Hormuz with Iran and other Gulf states. The decision was made due to the need for further regional consensus, indicating ongoing diplomatic complexities surrounding the critical shipping chokepoint. Oil prices climbed above $107 a barrel following the announcement, underscoring the market's sensitivity to developments in the region.