"In the interests of consensus, the regional meeting set for tomorrow in Salalah has been postponed. We remain committed to fostering dialogue that supports stability and lasting cooperation in our region," Omani Foreign Minister Badr Albusaidi wrote on X late Sunday.

In the interests of consensus the regional meeting set for tomorrow in Salalah has been postponed.

We remain committed to fostering dialogue that supports stability and lasting cooperation in our region ???????? ???????? ???????? ???????? ???????? ???????? ???????? ????????

— Badr Albusaidi - ??? ????????? (@badralbusaidi) September 13, 2026

However, the post was deleted soon afterwards, leaving oil traders on tenterhooks.

Even before the delay, the proposed Hormuz deal offered little relief: Iran said the arrangement would not fully reopen Hormuz and that it would retain control over which vessels could transit.

Earlier this weekend, Abu Dhabi's crown prince, Sheikh Khaled bin Mohamed Al Nahyan, and Iranian President Masoud Pezeshkian discussed de-escalation plans at the BRICS summit in India.

Ahead of the futures open in New York, here's a snapshot of markets via the blockchain-based trading platform Hyperliquid:

UAE Meets With Iran Leaders As Tehran Teases Oman Shipping Deal

Encouraging diplomatic signals emerged from the Gulf area this weekend as Abu Dhabi's crown prince met Iran's president amid efforts to secure a deal allowing more vessel transits through the highly contested Strait of Hormuz. However, the hopeful signs of de-escalation were overshadowed by days of mounting threats to alternative export routes, with Iran-backed Houthis capturing a strategic island inside another maritime chokepoint in the southern Red Sea and drone attacks shutting Saudi Arabia's East-West pipeline.