Monday 14 September 2026 07:30 UTC
Hormuz Talks Stall as Gulf Oil Supply Risks Intensify
In the 24 hours ending 14 September at 07:30 UTC, Gulf diplomacy stalled as oil supply risks grew.
The planned Iran-Gulf meeting in Oman was postponed without a new date. Gulf states objected to parts of the proposed Hormuz agreement. Saudi Arabia submitted changes to the proposal.
Oman’s energy minister still expected the Strait of Hormuz to reopen soon. However, US officials warned against expecting a quick agreement.
Saudi Arabia’s East-West oil pipeline remained closed after several attacks. Repairs could take more than a month. Saudi export storage may last only five to seven days.
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The closure could remove up to four million barrels from daily global supplies. Other routes were carrying about 10 million barrels each day.
Brent crude rose 3.5% to $108.23 a barrel. US crude climbed 3.2% to $103.20. Average US diesel reached a record $6.20 a gallon.
Iranian lawmakers raised the possibility of leaving the Nuclear Non-Proliferation Treaty. Abbas Goudarzi, Iran’s parliamentary spokesman, called withdrawal legal and available.
Iran’s leaders remained divided over talks with Washington. Hard-line generals supported wider attacks on US forces and regional oil sites.
Masoud Pezeshkian, Iran’s president, opposed further escalation. He warned that broader attacks could cause a wider war and stronger US strikes.
Pezeshkian also described talks with the United Arab Emirates as positive. Both countries agreed to put past disputes aside.
Donald Trump, the US president, urged Ukraine to stop striking Russian oil infrastructure. He said the attacks were worsening diesel shortages and raising American fuel prices.
Ukraine launched a large overnight drone attack across Russia. Local accounts described hundreds of drones and a major fire in Sochi.
Russian drones attacked medical workers in Kherson and destroyed at least one ambulance. Russian forces also dropped anti-personnel mines in the city centre. At least one person suffered injuries.
Another Russian drone attack targeted the Yahodyn border crossing between Ukraine and Poland. It narrowly missed a train carrying a European delegation.
Yemeni government forces recaptured Houthi positions near Taizz and advanced toward other areas. Saudi-led strikes also hit Houthi forces, vehicles and reinforcements across the region.
Trump said America would remove its 10% tariff on Irish whiskey. He gave no date for the change.
Canada began exploring closer European Union integration as trade tensions with America grew. Talks covered easier trade, worker movement, energy, defence, artificial intelligence and critical minerals.
Dario Amodei, Anthropic’s chief executive, called for slower development of advanced artificial intelligence models. He also urged independent testing, shared safety rules and stronger international cooperation.
Anthropic reportedly selected Nasdaq for a possible October stock listing. Estimates placed its potential value as high as $2 trillion, though no final figure existed.