Gulf States May Meet Iran Next Week to Discuss Future of Hormuz
The Saudi crown prince is seeking support from Egypt to counter Houthi rebels after the Iran-backed group captured Yemen's Red Sea coastline. This strategic shift strengthens Iran's regional influence and disrupts major commerce routes, contributing to a spike in global oil costs. These developments occur as foreign ministers from Iran and Gulf states prepare to meet in Oman to discuss the security of the Strait of Hormuz. Oil prices remain above $100 per barrel, while U.S. diesel has hit a record $6 per gallon.
What changed
The Saudi crown prince is now soliciting Egyptian support following the Houthi capture of Yemen's Red Sea coastline.
Live updates
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Saudi Crown Prince Seeks Egyptian Aid as Houthi Gains Pressure Gulf States
The Saudi crown prince is seeking support from Egypt to counter Houthi rebels after the Iran-backed group captured Yemen's Red Sea coastline. This strategic shift strengthens Iran's regional influence and disrupts major commerce routes, contributing to a spike in global oil costs. These developments occur as foreign ministers from Iran and Gulf states prepare to meet in Oman to discuss the security of the Strait of Hormuz. Oil prices remain above $100 per barrel, while U.S. diesel has hit a record $6 per gallon.
Why it matters
Iraq previously admitted that an attack on a Saudi oil pipeline started within its borders. President Donald Trump attributed that incident to Iran. The current Houthi advance forces Gulf states to reconsider their security posture in the region.
Still unconfirmed
- The Saudi crown prince is reaching out to Egypt for support against Houthi rebels.
- Houthi rebels have captured Yemen's Red Sea coastline.
- The capture of the Red Sea coastline by the Iran-backed Houthis has strengthened Iran's hand in the Gulf.
What to watch next
- The outcome of the foreign ministers' meeting in Oman regarding the Strait of Hormuz.
- Official confirmation of Egyptian military or diplomatic support for Saudi Arabia.
- Further fluctuations in oil prices and U.S. diesel costs based on Red Sea stability.
confidence 70%Sources used for this update (6)
- www.nbcnews.com — Meet the Press – September 13, 2026
- www.huffpost.com — Houthis' Yemen Advance Leaves Gulf States With Uncomfortable Choice
- thedispatch.com — Will the Houthis Choke Saudi Oil?
- jen.jiji.com — UEFA Super Cup 2028 set to be held in Astana
- jen.jiji.com — Microsoft unveils new AI safety rules for US schools
- www.click2houston.com — Saudi crown prince goes to Egypt for support amid Houthi strikes, and other Mideast developments
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Iraq Confirms Saudi Pipeline Attack Launched From Its Territory
Iraq acknowledged that an attack targeting a critical Saudi oil pipeline originated from inside its borders. Meanwhile, U.S. President Donald Trump stated that Iran is probably responsible for the incident. This regional escalation coincides with oil prices holding above $100 per barrel and U.S. diesel reaching a record $6 per gallon amid instability. Foreign ministers from Iran and Gulf states are expected to convene in Oman to address regional security and the future of the Strait of Hormuz.
Why it matters
The strike on Saudi infrastructure compounds severe energy market pressures as crude trades at $108. Regional diplomacy in Oman aims to foster understanding and ease maritime tensions in the vital shipping corridor. U.S. leadership has pointed toward Iranian involvement as the situation develops.
What is confirmed
- Iraq stated that an attack on a key Saudi oil pipeline was launched from its territory.
- U.S. President Donald Trump stated that Iran is probably behind the attack on the Saudi pipeline.
- Iran and Gulf state foreign ministers are scheduled to meet in Oman to discuss the future of the Strait of Hormuz.
What to watch next
- The upcoming foreign ministerial meeting in Oman between Iran and Gulf states regarding the Strait of Hormuz.
- Further investigative findings or official statements regarding the Saudi pipeline attack.
confidence 95%Sources used for this update (5)
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- jen.jiji.com — Kassym-Jomart Tokayev congratulates Kazakhstanis on Family Day
- jen.jiji.com — Kazakh President congratulates Elena Rybakina on US Open victory
- www.aol.com — Iraq says Saudi pipeline attack originated from its territory, and other Mideast news
- tass.com — Kushner hopes new Ukraine ideas to be discussed in trilateral format
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Iran and Gulf States to Meet Monday in Oman Over Strait of Hormuz
Iran and Gulf state foreign ministers will meet in Oman this Monday to discuss the future of the Strait of Hormuz. The Iranian Foreign Ministry stated the meeting aims to promote better understanding among regional countries. This diplomatic effort occurs as oil prices hit $108 and U.S. diesel prices reach a record $6 per gallon. While oil benchmarks recently slipped on news of the talks, prices remain on track to close the week above $100 amid regional instability.
Why it matters
The Strait of Hormuz is a critical chokepoint for global oil shipments. Recent volatility is compounded by Houthi rebels seizing the Red Sea port city of Mokha. These disruptions have contributed to rising monthly inflation in the U.S. due to higher gasoline prices.
What is confirmed
- Iran and Gulf states will meet in Oman on Monday to discuss the Strait of Hormuz.
- Oil prices reached $108 ahead of the scheduled meeting.
- Diesel prices in the U.S. have hit $6 a gallon.
- Oil prices are on track to close the week above $100.
Still unconfirmed
- Houthi rebels in Yemen have taken the key Red Sea port city of Mokha.
- Gasoline prices are driving up U.S. monthly inflation.
- Four UK interest rate hikes are expected by next summer.
What to watch next
- Outcome of the Monday meeting in Oman regarding a Hormuz deal
- Further movement in U.S. diesel and global crude prices
- Confirmation of Houthi control over Mokha port
confidence 90%Sources used for this update (14)
- www.yahoo.com — Diesel hits record $6 a gallon as Houthis take key Red Sea port city
- Bloomberg.com — Gulf States May Meet Iran Next Week to Discuss Future of Hormuz
- theguardian.com — Gasoline prices drive up US monthly inflation; four UK interest rate hikes expected by next summer – business live
- jpost.com — Gulf foreign ministers to meet with Iranian FM in push to secure deal for Strait of Hormuz - report
- Investing.com Nigeria — Oil prices drop but remain on track to close week above $100
- The Times of Israel — Iran set to meet Gulf states next week to discuss Hormuz as diesel prices soar
- Financial Times — Transcript: Oil hits $108 ahead of Iran’s meeting with Gulf states
- Arab News — Iran and Gulf states to meet in push for Hormuz deal, FT reports
- The Times of Israel — Report: Iran and Gulf states to meet next week in push for Hormuz deal
- The Times of Israel — Iran says to discuss Hormuz with Gulf states in Oman on Monday
- Financial Times — Iran and Gulf states to meet in push for Hormuz deal
- Newsquawk — US Market Open: Crude benchmarks slip on reports that Gulf Ministers plan to meet Iranian counterparts; DXY eyes US CPI