Event Brief
Oil rises to $108 as Gulf states delay Iran talks
By The BriefBrief · Sources (39)
Filed: Sep 08, 2026 at 7:00 AM ET
UPDATED Sep 14, 2026 at 6:00 AM ET
Summary: Oil prices hit $108 after Gulf states postponed talks with Iran related to the Strait of Hormuz. The deferral follows a Saudi pipeline closure after a drone attack last week, adding to market concerns about regional supply and transit.
WHO: Gulf states
WHAT: Gulf states postponed talks with Iran over the Strait of Hormuz as oil prices rose to $108.
WHEN: Sep 14, 2026 at 3:31 AM ET
WHERE: Gulf of Oman / Strait of Hormuz
WHY: The talks were deferred, and the postponement came on top of Saudi pipeline closure after a drone attack last week.
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