Efforts to address regional security concerns in the Persian Gulf faced a setback following the sudden cancellation of a planned meeting between Iran and neighboring states. Oman's foreign minister announced the delay on Sunday, citing a need to build broader consensus among the involved parties. The gathering was intended to discuss a proposal regarding the Strait of Hormuz. Simultaneously, global energy markets reacted to ongoing instability, as oil prices increased on Monday. This volatility follows recent drone strikes that forced Saudi Arabia to suspend operations on a major east-west pipeline. The combination of stalled diplomatic negotiations and physical threats to critical infrastructure has heightened international anxiety regarding the security of global oil transit routes and the stability of energy supplies from the region.
Source : The Express Tribune
Photo : The Express Tribune
