Foreign ministers from the six-member Gulf Cooperation Council plan to meet Iranian Foreign Minister Abbas Araghchi in Salalah, Oman, on September 14, 2026, to discuss an Oman-led temporary framework for commercial shipping through the Strait of Hormuz. The proposed arrangement would allow vessels to enter through Iranian waters and exit mainly through Omani territorial waters, but a full reopening remains dependent on wider U.S.-Iran negotiations and unresolved Iranian conditions. Separately, Yemen’s Houthi rebels said fighting had stopped in provinces along the western Red Sea coast and urged Saudi Arabia to halt further deployments. The de-escalation signals pushed Brent crude nearly 2% lower intraday to $105.57 per barrel and crude prices down more than 1% in other trading, while U.S. stock futures rose, Bitcoin fell below $77,000 and spot gold gained 1% to $4,357.59 per ounce. Investors also weighed hotter wholesale inflation, expectations for a 3.4% August CPI increase, Oracle’s results and a higher probability of a Federal Reserve rate increase.