Gulf States

If US power can be aligned with Iranian national leadership and the legitimacy of the ballot box, the end of the Islamic Republic need not inaugurate another Middle Eastern catastrophe.

Oil loadings at the Red Sea port of Yanbu were suspended, sources told Reuters, while Saudi Arabia’s East-West Pipeline remained offline after attacks on the kingdom’s energy infrastructure.

Turkish Foreign Minister Hakan Fidan said that freedom of passage should be allowed in the Strait of Hormuz, and the pre-war status quo should be reinstated.

Through what is its longest war, Israel has done what few thought possible: cemented itself as an undisputed, stable economic powerhouse in the world’s most dangerous and unstable neighborhood.

Iran can make the Strait of Hormuz more dangerous, push oil prices higher, and pressure US President Donald Trump through American gas prices. But Tehran’s ability to profit has been crippled.

"For Iran, this is a chess game. They plan what comes next. They don't push all their buttons at the same time out of panic," the regional official said.

Oman's foreign minister, Sayyid Badr Albusaidi, posted late Sunday that the regional meeting had been postponed "in the interests of consensus."

From the BRICS summit in India to planned talks in Oman, regional powers are looking for a path forward as tensions with Iran continue to reshape the Middle East.

The meeting, which will not count on the presence of all the Gulf states, aims to find a solution to the situation in the Strait of Hormuz.

While Iran has flirted with reconciliation with the US at times, it has also sought to position itself alongside countries that want a new world order.