Commodities
Hormuz Talks Collapse Amid Payment Dispute and US Demands
The planned meeting between Iran and Gulf states to discuss reopening the vital oil route through the Strait of Hormuz has been postponed.
Oman, which initiated the talks, announced that the decision was made in the interests of consensus.
The dispute over charging vessels for passage remains unresolved, with Iran demanding payment for safety and environmental protection services.
The United States has expressed its opposition to discussing the strait's future as part of negotiations with Tehran, preferring to focus on Iran's nuclear program.