Strait of Hormuz

Tankers are still facing attacks across the strait, despite a rebound in traffic and expectations of a de-escalation in the war between the United States and Iran.

"The chances of obtaining an agreement which the regime would respect, and which would ensure zero nuclear capabilities, is low in my view," Barnea said.

The meeting also reviewed emergency incidents in territorial waters off Oman's Musandam Governorate, which overlooks the Strait of Hormuz, and the monitoring of any environmental pollution.

Despite major damage to its military infrastructure, the Islamic Republic of Iran "likely has at least 1,700 ballistic missiles remaining," and is building more every day, according to reports.

Iranian strikes targeted maritime navigation infrastructure on Oman's Didamar island, although the extent of the damage and impact on commercial shipping remains unclear.

Iran's President Pezeshkian demanded compensation for environmental damage caused by US and IDF operations, arguing that wartime destruction must be addressed in global climate commitments.

Tensions in the Persian Gulf offset expectations for a diplomatic agreement between the US and Iran, while attacks on vessels and rising US inventories impact trading.

Global fossil fuel emissions are projected to fall 0.4% in 2026, the first drop since 2020, partly as the Iran war cut oil and gas use. Researchers warn the decline is unlikely to last.

The International Maritime Organization has confirmed 130 incidents, most of them attacks, in the region since the conflict began in late February, with at least 25 seafarers killed.

"I have yet to see anything concrete," Crosetto told Reuters, although he said EU foreign policy chief Kaja Kallas had "fully understood" the importance of Italy's request.