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Story summary
- Oman postponed the Hormuz summit after Saudi Arabia requested a delay.
- Foreign Minister Badr Al-Busaidi announced the postponement on X, citing consensus.
- Iran’s foreign ministry said the decision reflected a joint request by Tehran and Muscat.
- Islamic Revolutionary Guard Corps (IRGC) announced it intercepted and destroyed an MQ-1 drone over the Strait of Hormuz.
- Brent crude rose over 3% to $107.82 per barrel as the blockade rerouted 100 ships.