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Home News Oman Delays GCC-Iran Talks as Oil Prices Rise

Oman Delays GCC-Iran Talks Amid Rising Oil Prices

Sep 14, 2026
55 min
13
Sep 14, 2026 12:32
Oman postpones GCC-Iran meeting on Strait of Hormuz as oil prices rise on supply fears

## Meeting Postponed

Oman has delayed a planned meeting between Gulf Cooperation Council (GCC) countries and Iran, originally scheduled for Monday, to discuss shipping management in the Strait of Hormuz. The postponement was reportedly requested by some regional countries, according to Iran's foreign ministry.

## Oil Price Surge

The delay coincides with a significant rise in oil prices, driven by fears of disruptions in global energy supplies. Brent crude prices have surged past $107 per barrel. This increase is partly due to ongoing tensions in the region, including a blockade against Iran enforced by US forces, which have redirected over 100 commercial vessels.

## Regional Tensions

The meeting's postponement comes amid heightened regional tensions. The US has blocked Iran's nuclear chief from attending a UN conference in Vienna, citing sanctions. Additionally, Yemen's Houthis have launched attacks on Saudi targets, further complicating the geopolitical landscape.

## AirBaltic Bankruptcy Filing

In related news, Latvia's AirBaltic has filed for Chapter 11 bankruptcy protection in the US, citing increased fuel costs due to the conflict involving Iran. The airline aims to restructure its finances while maintaining operations.

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