Middle East Diplomacy Falters as Regional Talks Stall
Middle East diplomacy stalled following the postponement of regional talks between Iran and Persian Gulf powers. Fresh attacks near vital oil transit routes heightened global supply concerns.
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Middle East diplomacy faltered on Monday with the postponement of a meeting between Iran and Persian Gulf powers, pushing Brent Crude Oil higher. The delay compounds mounting threats to global energy transit following fresh attacks on critical oil infrastructure. The disruption threatens supplies from the world's largest exporter, Saudi Arabia, which kept a 1,200-kilometer east-west pipeline closed over the weekend after drone strikes.
