Muscat Talks Collapse: Gulf States Reject Hormuz Corridor Proposal Language
⏱️ MUSCAT — The meeting didn't fail on substance — it failed on a draft Saudi Arabia won't sign. 📌 LOOK CLOSER: GCC amendments signal the corridor proposal favors Tehran's terms. Riyadh, with both export routes closed, won't legitimize a framework that locks in Iranian strait control. A postponement now hands Iran leverage: blockade continues while drafts circulate. Asian buyers lose the one near-term relief signal priced into markets.
