Oil hits $108 after Gulf states postpone talks with Iran over Hormuz — Live Feedhttps://www.live-feeds.com/feed/oil-hits-108-after-gulf-states-postpone-talks-with-iran-over-hormuzContinuously updated, source-cited coverage. Oil hits $108 as Gulf states postpone Hormuz talks with Iranhttps://www.live-feeds.com/feed/oil-hits-108-after-gulf-states-postpone-talks-with-iran-over-hormuzhttps://www.live-feeds.com/feed/oil-hits-108-after-gulf-states-postpone-talks-with-iran-over-hormuz#u68459Tue, 15 Sep 2026 03:52:42 +0000Global oil prices rose to $108 after Oman postponed a scheduled meeting between Iran and Gulf Arab states. The talks aimed to establish a temporary shipping lane through the Strait of Hormuz without US participation. This diplomatic delay coincided with a drop in Hormuz shipping traffic below its 10-day average and a 1.5 percent decline in Pakistan's benchmark stock index. Oman has not announced a new date for the discussions, leaving the status of the critical energy route unresolved.Why it mattersThe Strait of Hormuz is a vital global energy corridor. Ongoing Middle East conflict and Ho