Oil prices near 4-month high as Iran and Oman delay Strait of Hormuz talks

CBS News · collected 2026-09-14 · by Duarte Dias, Frank Andrews
Read the original at CBS News ↗

Summary

Oil prices reached near four-month highs as tensions in the Middle East escalated following the postponement of talks between Oman and Iran regarding control over the Strait of Hormuz. The price of Brent crude rose to approximately $108 per barrel, while U.S. crude surpassed $103.26 per barrel, marking a more than 20% increase from a month earlier. This rise coincides with intensifying conflicts involving Iranian-backed Houthis in Yemen and increased threats to tanker traffic through the Red Sea and Strait of Hormuz.
Written by the local model on 2026-09-14, using this article's own text rather than the other coverage of the same event (that is the story summary below).

Signals How these are calculated →

Claims extracted
82
claim-shaped sentences
Uncertain
26%
21 of 82 hedged
Leaning
Leans right
of the writing, not the subject
Correction & hedging signals
76.8
corrections and hedging in what we collected; not a measure of accuracy
Outlets on this story
32
Politics
Narrative spread
1
articles carrying this framing
Analyzed 2026-09-14 · source text last changed 2026-09-14 · how these are computed

AI analysis (generated at analysis time, not now)

Story summary

On September 14, Ukrainian President Volodymyr Zelenskyy stated that Ukraine is ready to halt strikes on Russia if its partners ensure Moscow will refrain from hitting Ukrainian energy facilities and infrastructure. However, Zelenskyy expressed doubt about Russia's willingness to adhere to any agreement, emphasizing the need for a reliable long-term deal with real impact on people’s lives.

The day before, US President Donald Trump claimed that Ukraine and Russia had agreed not to hit each other's energy targets in an effort to mitigate rising global fuel prices. Zelenskyy later clarified that Ukraine was willing to reciprocate but needed assurances from "partners," likely referring to the U.S., that Russia would genuinely refrain from striking Ukrainian critical infrastructure.

Meanwhile, the Kremlin welcomed Trump’s call on Ukraine to halt strikes on Russian diesel facilities, with Kremlin spokesman Dmitry Peskov stating that any such call could be welcomed. However, he also noted that the upheaval in global energy markets was mainly due to conflicts in the Gulf region rather than the Russia-Ukraine war.

As tensions escalated and fuel prices soared past $6 per gallon, Trump's claims were met with skepticism from both Ukrainian and Russian sides, with no official confirmation of an agreement as of September 14.

Written for “Ukraine Russia Energy Strikes Trump” on 2026-09-14, grounded in this article and the 31 other(s) covering the same event.
Why this leaning score
The article's own words the score was based on. Each is quoted verbatim and was checked against the article text before being stored, so you can find it in the original.
Score +0.35 Confidence high 1 quote(s) discarded as not found in the article
Leaning score +0.35 for article 8654 (high confidence, 1 verified quote) · logged 2026-09-14

Story

📰 Ukraine Russia Energy Strikes Trump
Politics · 32 article(s) covering the same event.

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Compared with similar articles

This article reads leans right and hedges 26% of its claims. Each row says how that neighbour differs.
CBC News
⚖️ leaning not scored 🔴 9% hedged 3 of 32 📰 publisher trust 95
“The articles describe different time periods and specific events (missile attacks and oil price fluctuations) without clearly referring to the exact same incident.”
CBS News
⚖️ Leans right 🔴 9% hedged 28 of 311 📰 publisher trust 77
“The articles describe different aspects of ongoing tensions in the region but do not refer to the same specific incident.”
Toronto Star
⚖️ Leans left further left than this 🔴 4% hedged 1 of 28 📰 publisher trust 62
“The articles describe different events occurring on distinct dates, with Article A focusing on the capture of a Red Sea island by Houthi rebels and Article B discussing delayed talks about the Strait of Hormuz and oil prices.”
September 10, 2026 different event · 95%
Letters from an American
⚖️ Leans right 🔴 10% hedged 2 of 21
“The articles discuss different events related to conflicts in Yemen and oil prices, but do not describe the exact same incident.”
Toronto Star
⚖️ Leans left further left than this 🔴 8% hedged 7 of 85 📰 publisher trust 62
“The articles describe different occurrences involving oil prices, with Article A focusing on major oil companies' actions in response to high prices, while Article B discusses geopolitical events and price increases due to tensions around the Strait of Hormuz.”
The Hindu
⚖️ leaning not scored 🔴 22% hedged 5 of 23 📰 publisher trust 96
“Article A reports on the Houthis reaching Perim island, while Article B discusses oil prices and a delay in talks about the Strait of Hormuz, mentioning fighting but not describing the same specific incident.”
South China Morning Post
⚖️ Leans left further left than this 🔴 20% hedged 1 of 5 📰 publisher trust 93
“The articles describe different events; one focuses on Houthis reaching Perim island, while the other discusses oil prices and delayed talks regarding Strait of Hormuz.”
The Independent
⚖️ Leans strongly left further left than this 🔴 22% hedged 8 of 36 📰 publisher trust 59
“The articles describe different events; one focuses on a pipeline fire and an island capture, while the other discusses oil prices and postponed talks about Strait of Hormuz control.”
NPR
⚖️ Leans right 🔴 8% hedged 2 of 24 📰 publisher trust 59
“The articles discuss different aspects of regional tensions affecting oil prices but describe distinct events: one focuses on Houthis taking control of a port city in Yemen, while the other discusses delays in talks regarding the Strait of Hormuz.”
Dawn
⚖️ leaning not scored 🔴 5% hedged 1 of 20 📰 publisher trust 95
“The articles describe different events: one about drones forcing the closure of a pipeline, and another about oil prices near a four-month high due to delays in talks about the Strait of Hormuz.”

Publisher

CBS News · 329 article(s) · 2 correction(s) detected
Running correction rate · 2 correction(s)
2026-09-14
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2026-08-24
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Who wrote this

Frank Andrews
7 article(s) here · 1 carrying a prediction
🔮 - Fighting between Iran's Houthi allies and Yemen's Saudi-backed government forces intensified Sunday after the rebels captured new ground in Yemen that could help them tighten their chokehold on Saudi oil exports via the Red Sea.
🔮 Mr. Trump claimed on Sunday that the war with Iran will end "right after the midterms," adding that "gasoline is going to drop like a rock."
🔮 If confirmed, the move would make it easier for the Houthis to target ships transiting the Bab el-Mandeb Strait, a crucial waterway for Saudi Arabian oil exports.
🔮 Security forces are pursuing those responsible, with further details expected to be released, according to Tasnim.
🔮 China says U.S. "sanctions and pressure" on Iran won't work China said on Friday that U.S. "sanctions and pressure" wouldn't resolve the Middle East conflict, after Washington urged governments including Beijing to join efforts to isolate Iran's economy. "Sanctions and pressure will not help resolve the issue," Chinese foreign ministry spokesman Lin Jian told reporters at a news briefing, calling on "all relevant parties to take responsible measures and resolve the problem through political and diplomatic means."
🔮 - President Trump on Wednesday announced a "crushing economic operation" on Iran, one he said would amount to "economic warfare."
🔮 - He also called Iran's leadership "unbelievably duplicitous" after Tehran said it had no plans to hold direct talks with Washington, despite his claim that negotiations would start Monday and that a "deal is imminent."
More on this subject from Frank Andrews
All 7 articles by Frank Andrews →
Duarte Dias
14 article(s) here · 1 carrying a prediction
🔮 - Fighting between Iran's Houthi allies and Yemen's Saudi-backed government forces intensified Sunday after the rebels captured new ground in Yemen that could help them tighten their chokehold on Saudi oil exports via the Red Sea.
🔮 His Democratic opponent, David Crowley, responded by saying he was "grateful to God that Congressman Tiffany and no one else was hurt in this horrifying incident, which could have been a tragedy if not for the heroism of the pilot."
🔮 Mr. Trump claimed on Sunday that the war with Iran will end "right after the midterms," adding that "gasoline is going to drop like a rock."
🔮 If confirmed, the move would make it easier for the Houthis to target ships transiting the Bab el-Mandeb Strait, a crucial waterway for Saudi Arabian oil exports.
🔮 Security forces are pursuing those responsible, with further details expected to be released, according to Tasnim.
🔮 In an interview with the BBC, Farage said he was in the middle of campaigning at the time and not aware of all the details from the supposed would-be donor.
🔮 What President Trump's been very focused on is how do we create a framework that could actually build, lead to a durable peace," he added.
🔮 Energy secretary says "we are always open" for nuclear agreement with Iran Energy Secretary Chris Wright said Sunday that the Trump administration is not shutting down diplomatic relations with Iran despite his comments earlier that there "may not be a nuclear agreement.
🔮 "Grand Canyon National Park staff, in coordination with the Arizona Department of Public Safety, are continuing evacuation and response efforts and working to account for individuals who may have been in the affected area," NPS said in a statement.
🔮 CBS/AFP EU signals support for continued pressure on Iran The European Union said Monday it would continue to maintain pressure on Iran by working with the United States and other G7 partners.
More on this subject from Duarte Dias
All 14 articles by Duarte Dias →

Topics

Houthi Iran Saudi U.S. Yemen

Subjects

Iran GPE · 13× U.S. GPE · 9× Saudi NORP · 8× Trump PERSON · 6× Yemen GPE · 6× Houthi NORP · 5× Egypt GPE · 3× Houthis NORP · 2× Iranian NORP · 2× U.N. ORG · 2×

Narrative

Oman's government said Monday that a meeting scheduled in its capital, Muscat, with officials from Iran and other regional countries on of the strategic waterway, was being postponed "in the interests of consensus."Iran cries foul over U.S. blocking its envoy from gathering of U.N. nuclear agency reps in Austria Iran on Monday condemned the exclusion of the head of its Atomic Energy Organization from the annual gathering of the United Nations nuclear agency in Vienna, saying it constitutes "a serious breach" of Tehran's rights as a member nation.
framing: mixed · carried by 1 article(s) · first seen 2026-09-14
🔮 - Fighting between Iran's Houthi allies and Yemen's Saudi-backed government forces intensified Sunday after the rebels captured new ground in Yemen that could help them tighten their chokehold on Saudi oil exports via the Red Sea.

Claims (82 extracted, 21 hedged)

Oman's government said a meeting scheduled for Monday in Muscat with officials from future control of the Strait of Hormuz, was being postponed "in the interests of consensus." asserted
meeting → say → consensus
and other regional countries, to discuss - The price of Brent crude, the international benchmark for oil, jumped Monday to about $108 per barrel, its highest mark in almost four months. asserted
price → discuss → months
U.S. crude also continued its rise, selling Monday at over $103.26 per barrel, or more than 20% higher than a month ago. asserted
crude → continue → barrel
- Fighting between Iran's Houthi allies and Yemen's Saudi-backed government forces intensified Sunday after the rebels captured new ground in Yemen that could help them tighten their chokehold on Saudi oil exports via the Red Sea. uncertain
them → back → Sea
Saudi crown prince to meet with Egypt's leader after Iran-backed Houthis make gains Egypt's President Abdel Fattah al-Sisi is set to welcome Saudi Crown Prince Mohammed bin Salman on Tuesday, the Egyptian presidency said, against the backdrop of fighting between Iranian-backed Houthi rebels and Yemen's Saudi-backed government. asserted
presidency → meet → rebels
The presidency said there would be a bilateral meeting between the two leaders. asserted
presidency → say → leaders
The visit comes after a weeklong Houthi offensive that culminated in the group capturing Yemen's Red Sea coast, cementing their hold on the Bab el-Mandeb Strait, through which Saudi oil transits. asserted
oil → come → which
Earlier, Egypt rejected a proposal from the Houthis for direct talks to coordinate maritime traffic through the waterway and the Red Sea, according to Qatari media outlet Al-Araby Al-Jadeed. CBS/AFP Iran's proxies using Yemen to compound war's impact on oil prices Escalating fighting between Yemen's Iran-backed Houthi rebels and Saudi Arabia, and attacks by other Iranian proxy forces on Saudi infrastructure, are increasing the threat to tanker traffic in the Middle East and driving up global fuel costs more than six months after the U.S. and Israel launched their war on Iran. Direct clashes between the U.S. and Iran have severely reduced shipping traffic through the Strait of Hormuz since the war began, but the Houthi-Saudi tension, and attacks on Saudi infrastructure blamed on other Iran-backed groups, are also squeezing global fuel supplies in the nearby Red Sea. . uncertain
tension → reject → Sea
Trump calls for countries to reimburse U.S. for Strait of Hormuz help President Trump called for countries to reimburse the U.S. for helping oil shipments make it through the Strait of Hormuz. " asserted
shipments → call → Hormuz
Oil is flowing through the Hormuz Strait. asserted
Oil → flow → Strait
The Countries of the World, which have been no help to us whatsoever, should, and will, reimburse the United States of America when this SCAM Confligration is all over," Mr. Trump said on his Truth Social platform Monday. asserted
Trump → reimburse → platform
"We are doing it much more for others, than we are for ourselves, and we have been for Generations!" Earlier Monday, Energy Secretary Chris Wright told reporters that the number of oil shipments escorted by the U.S. Navy through the key waterway was increasing on average, according to the Reuters news agency. Trump says U.S. open to engaging with Iran on deal President Trump said Monday the U.S. was open to engaging with Iran on a deal. " uncertain
U.S. → do → deal
The failing Nation of Iran wants to make a deal, quickly and badly. asserted
Nation → fail → deal
I will determine whether or not the U.S.A. will choose to engage - The concept of which we are open to," Mr. Trump said on his Truth Social platform. asserted
Trump → determine → platform
Earlier this month, Vice President JD Vance the U.S. wouldn't negotiate with Iran while ships were being attacked in the Strait of Hormuz. asserted
ships → negotiate → Hormuz
Iran says barring nuclear chief from U.N. conference sets "dangerous precedent" asserted
barring → say → precedent
Iran's Atomic Energy Organization has described the reported prevention of its head Mohammad Eslami from attending the U.N. nuclear watchdog's ongoing conference as a "dangerous precedent" for all countries. asserted
Organization → describe → countries
Spokesman Behrouz Kamalvandi said the International Atomic Energy Agency and its member states should stand against what he described as U.S. "bullying and political pressure." asserted
he → say → bullying
He warned that allowing political pressure to determine which officials can attend the agency's meetings could establish a precedent affecting other member states. uncertain
officials → warn → states
The comments came after Eslami was reportedly prevented from attending the IAEA General Conference, which runs Monday through Thursday. uncertain
which → come → Thursday
Kamalvandi called on the agency and its members to resist U.S. pressure and defend the rights of member states to participate in the organization's proceedings. asserted
Kamalvandi → call → proceedings
Saudi crown prince meets U.S. CENTCOM chief, says Saudi state media outlet Saudi Crown Prince and Prime Minister Mohammed bin Salman met Admiral Brad Cooper, the head of U.S. Central Command, in Jeddah on Monday, according to the Saudi Press Agency. uncertain
Prince → meet → Agency
The meeting covered bilateral relations between Saudi Arabia and the United States, as well as the latest developments in the region, SPA reported. asserted
SPA → cover → region
Saudi Minister of State and national security adviser Musaed bin Mohammed Al-Aiban also attended the meeting. asserted
Aiban → attend → meeting
The meeting comes days after a crucial Saudi oil pipeline came under attack, which the kingdom blamed on Iranian-backed militias in Iraq. asserted
kingdom → come → Iraq
Bin Salman last week asked President Trump to bomb positions held by Iranian-backed Houthi troops, according to Axios, but he declined to do so. uncertain
he → ask → Axios
Iran's Strait of Hormuz authority updates list of vessels it says are in violation, warns insurers and maritime firms asserted
it → update → insurers
The Iranian body established by the Islamic Republic regime to exert control over the Strait of Hormuz, the Persian Gulf Strait Authority (PGSA), said Monday that it had updated its list of vessels deemed to be violating its regulations, warning maritime insurers and other industry bodies against providing services to the ships. asserted
it → establish → ships
In a post on X, the authority said insurers should refrain from providing services to the listed vessels in order to protect themselves from potential financial impacts. asserted
insurers → say → impacts
The PGSA issued its list as U.S. Energy Secretary Chris Wright said the rolling weekly average of oil shipments transiting the Strait of Hormuz under U.S. Navy escort was rising and would continue to do so, according to the Reuters news agency. uncertain
average → issue → agency
Iran insists that all ships wishing to transit the strait do so in coordination with the PGSA, and it has repeatedly targeted vessels that ignore that advice and try to get through via a southern route close to Oman's coast, through which the U.S. military has been escorting vessels. asserted
military → insist → vessels
Egypt rejects Houthi proposal for direct talks on Red Sea shipping Egypt has rejected a proposal from Yemen's Iranian-backed Houthis for direct talks to coordinate maritime traffic through the Bab el-Mandeb Strait and the Red Sea, according to Qatari media outlet Al-Araby Al-Jadeed. uncertain
Egypt → reject → Jadeed
The proposal was reportedly conveyed by a Houthi official to the International Chamber of Shipping (ICS) in London, seeking discussions with Egyptian authorities over new arrangements to protect shipping and ensure the safety of vessels transiting the strategic waterway. uncertain
proposal → convey → waterway
The ICS subsequently contacted Egypt's maritime chamber regarding the Houthis' request to establish rules governing navigation and security in the Bab el-Mandeb. asserted
ICS → contact → Mandeb
A senior Egyptian source told Al-Araby Al-Jadeed the request was rejected outright by Suez Canal Authority Chairman Osama Rabie, who argued that responding to the Houthis could amount to granting implicit recognition to a group not internationally recognized as Yemen's legitimate government. uncertain
responding → tell → government
The source said Egyptian authorities instead referred the proposal to security agencies to handle the issue outside the country's official institutions. asserted
authorities → say → institutions
Egypt's goal, according to the source, is to prevent attacks on vessels transiting the Bab el-Mandeb, restore freedom of navigation and ensure the safety of crews regardless of nationality, while avoiding any arrangement that could allow the Houthis or another party to assert authority over the strait. uncertain
Houthis → accord → strait
Crucial Saudi oil pipeline will be out of service for weeks, officials tell AP A crucial Saudi oil pipeline that was struck in an attack last week will likely be largely out of service for weeks as the damage is repaired, two regional officials told The Associated Press news agency. asserted
officials → tell → agency
The East-West Pipeline, which runs across the kingdom, is key to Saudi Arabia's strategy of shifting its oil exports to the Red Sea to avoid the Persian Gulf's Strait of Hormuz, where Iranian attacks have stifled shipping. asserted
attacks → run → shipping
The 745-mile pipeline can carry up to 7 million barrels of oil a day from eastern Saudi Arabia to its Yanbu Port on the Red Sea. asserted
pipeline → carry → Sea
…and 42 more, not listed.
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