Story perspectives

Muscat Hormuz shipping meeting postponed amid Saudi objections

By Drooid · Sep 14, 2026, 2:08 PM UTC · How we work

Center

Brent Crude Surge

A regional meeting in Muscat, Oman, set for Monday, September 13, 2026, to discuss a Strait of Hormuz shipping lane was postponed.
Oman’s foreign minister said the postponement was “in the interests of consensus” after Gulf states requested it; Iraq confirmed attendance, Bahrain declined.
An Iranian vessel was hit in the Strait, killing one member and wounding four.
Brent crude rose $105 a barrel after the attack and Saudi pipeline shutdown.

Left

Iran Blames Saudi

A regional meeting in Muscat, Oman, scheduled for 13 September 2026 to discuss a temporary Hormuz shipping lane was postponed.
Iran’s foreign ministry said Saudi Arabia’s objection forced the delay, shifting blame onto the kingdom.
The postponement leaves Gulf economies and oil-dependent workers facing continued revenue loss, heightened uncertainty, and reduced livelihoods.
Bahrain announced it would not attend, calling the forum ‘appeasement’ and questioning its legitimacy.

History

Historical Context

During the October 1973 OAPEC oil embargo, led by Saudi Arabia’s King Faisal, oil prices jumped from about $3 to nearly $12 per barrel—a 300 percent surge that crippled Western economies. The crisis showed how fragmented Gulf diplomacy fuels volatility, prompting today’s postponed Muscat summit of Iran, Saudi Arabia, Bahrain, Iraq and Oman to seek a coordinated Hormuz lane to steady soaring Brent prices.

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Brent Crude Surge

A regional meeting in Muscat, Oman, set for Monday, September 13, 2026, to discuss a Strait of Hormuz shipping lane was postponed.
Oman’s foreign minister said the postponement was “in the interests of consensus” after Gulf states requested it; Iraq confirmed attendance, Bahrain declined.
An Iranian vessel was hit in the Strait, killing one member and wounding four.
Brent crude rose $105 a barrel after the attack and Saudi pipeline shutdown.

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