Brent at $108: Gulf States Halt Hormuz Talks as Houthis Strike Saudi Airbase
Gulf states called off Monday's planned meeting with Iran on reopening the Strait of Hormuz the same day Yemen's Houthis fired dozens of missiles and drones at Saudi Arabia's King Khalid airbase in Khamis Mushait, calling it retaliation for more than 300 Saudi airstrikes on Yemen in five days. A Fri
Source: OilPrice.com
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DW NOTE
Gulf states have suspended negotiations on Hormuz reopening seven months into the closure — not because talks reached an impasse, but because the Houthis just struck inside Saudi Arabia. Brent at $108 reflects the market pricing in what the diplomats already know: there is no deal to be had when one party's proxy is still launching missiles.