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.

Iran’s IRGC Navy claims it struck a US-operated Saildrone Explorer that Tehran says was conducting a surveillance mission near the Strait of Hormuz. If confirmed, the incident would show the growing exposure of persistent US unmanned surveillance platforms operating around the Gulf’s main strategic chokepoint.

Early in European trading, Brent crude, the global benchmark, reached $100, before slipping back below the significant milestone.

Iran and Gulf states will hold a summit on September 14 in Salalah, Oman, to address maritime security and navigation routes in the Hormuz Strait, amidst rising tensions and economic pressures.

Top diplomats from South Korea and Iran have held a phone call, spelling out concerns on developments in the Strait of Hormuz, South Korea confirmed an exchange between Foreign Affairs Minister Cho Hyun and his Iranian counterpart Abbas Araghchi had taken place at Tehran's request.

Saudi Arabia said it shut the crucial East-West pipeline that had allowed it to continue exporting crude oil after Iran closed the Strait of Hormuz, saying it was attacked by drones.

Traffic through the Strait of Hormuz is still running far below normal, but the latest UKMTO data shows a steady flow of ships continuing to move through the waterway,

Japan’s Foreign Minister Motegi Toshimitsu phoned his Iranian counterpart, Abbas Araghchi, on Sept. 8, 2026, to express concern over the de facto closure of the Strait of Hormuz. It was reportedly the ninth such phone call between the pair since March.