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Oil prices dive on signs of Hormuz diplomacy so the markets flew, and oil dove, on Friday.
Wash, rinse, repeat.
Oman postpones GCC–Iran meeting on Strait of Hormuz aimed at easing regional tensions
Dubai: A meeting in Oman between GCC countries and Iran to discuss possible agreements on the Strait of Hormuz, has been postponed, Omani Foreign Minister Sayyid Badr Al Busaidi said. Oman has postponed the regional meeting scheduled to take place in Salalah on Monday, as more time was needed to create conditions for constructive dialogue aimed at strengthening regional security and stability.gulfnews.com - Oman postpones gcciran meeting on strait of hormuz aimed at easing regional tensionsMeanwhile, on this evening's news, Trump the Conqueror said the Iranians are desperate for a deal, as he has been saying for months, and the price of oil, and gas, will soon plunge, as he has been saying for months.
Steve