Turkey, Egypt, Saudi Arabia Discuss Hormuz Strait Cooperation

Pakistan hosted talks between Turkey, Egypt, and Saudi Arabia aimed at mediating an end to the conflict in Iran and reopening the Strait of Hormuz. Discussions focused on proposals for managing the Strait, including the creation of a Suez Canal-style consortium, with potential Pakistani involvement. The proposals have been conveyed to the US and Iran, while Turkey prioritizes achieving a ceasefire. The Strait of Hormuz is critical for global oil trade, with approximately 20% of the world's oil and liquefied natural gas trade passing through it.