Foreign ministers of Gulf states are set to meet their Iranian counterpart on September 14 as Oman and Iran seek regional support for a temporary agr

The strikes on the East-West oil pipeline in the Riyadh and Medina areas (pictured) deal a further blow to global trade.

A satellite image shows an area before black smoke was seen rising from an area of Saudi Arabia’s East-West oil pipeline, south of Medina, Hejaz Region, Saudi Arabia, September 9, 2026. European Union/Copernicus Sentinel-3/Handout via REUTERS

Foreign ministers from the Gulf Cooperation Council—which is comprised of Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain, and Oman—will meet their Iranian counterpart on Monday.

Diesel prices in the U.S. have hit a painful new milestone, $6 a gallon as, reports said, Houthi rebels in Yemen took the key Red Sea port city of Mokha.

Iran's government has made its first public statement since Tehran-backed rebels in Yemen entered a key port in a move that could threaten global shipping.

More than 100 US military advisers are on the ground in Saudi Arabia providing intelligence and targeting support to the Kingdom in its military campaign against the Iran-backed Houthis in Yemen, multiple sources familiar with the effort say.

Saudi Arabia’s oil production plunged last month as threats by Iran-backed Houthi rebels disrupted exports from the kingdom’s west coast, at a time when shipments through the Strait of Hormuz waterway in the Persian Gulf remain constrained.