Running the fence_vmware_soap fence agent fails with a connection timeout

Traceback (most recent call last):
  File "/sbin/fence_vmware_soap", line 175, in ?
    main()
  File "/sbin/fence_vmware_soap", line 160, in main
    conn = soap_login(options)
  File "/sbin/fence_vmware_soap", line 24, in soap_login
    conn = Client(url + "/vimService.wsdl")
  File "/usr/lib/python2.4/site-packages/suds/client.py", line 112, in __init__
    self.wsdl = reader.open(url)
  File "/usr/lib/python2.4/site-packages/suds/reader.py", line 152, in open
    d = self.fn(url, self.options)
  File "/usr/lib/python2.4/site-packages/suds/wsdl.py", line 136, in __init__
    d = reader.open(url)
  File "/usr/lib/python2.4/site-packages/suds/reader.py", line 79, in open
    d = self.download(url)
  File "/usr/lib/python2.4/site-packages/suds/reader.py", line 95, in download
    fp = self.options.transport.open(Request(url))
  File "/usr/lib/python2.4/site-packages/suds/transport/https.py", line 60, in open
    return  HttpTransport.open(self, request)
  File "/usr/lib/python2.4/site-packages/suds/transport/http.py", line 62, in open
    return self.u2open(u2request)
  File "/usr/lib/python2.4/site-packages/suds/transport/http.py", line 116, in u2open
    return url.open(u2request)
  File "/usr/lib64/python2.4/urllib2.py", line 358, in open
    response = self._open(req, data)
  File "/usr/lib64/python2.4/urllib2.py", line 376, in _open
    '_open', req)
  File "/usr/lib64/python2.4/urllib2.py", line 337, in _call_chain
    result = func(*args)
  File "/usr/lib64/python2.4/urllib2.py", line 1118, in http_open
    return self.do_open(httplib.HTTPConnection, req)
  File "/usr/lib64/python2.4/urllib2.py", line 1092, in do_open
    raise URLError(err)
urllib2.URLError: <urlopen error (110, 'Connection timed out')>