Saudi and Omani leaders discuss regional security as Iran war escalates
Saudi Crown Prince Mohammed bin Salman and Oman's Sultan Haitham met in Jeddah to discuss regional developments and security amid the US-Iran war. The meeting follows recent strikes between Iran and the US, including attacks on the Iranian island of Larak and US bases in Jordan. Oil prices rose after reports of two tankers being hit near the Strait of Hormuz, including the Saudi-owned Sidr.
Why it matters: This meeting underscores the theme of Gulf security and the economic impact of the Strait of Hormuz closure on global energy supplies.