Iran Seeks Gulf Support for Hormuz Plan

Watch on YouTube ↗  |  September 13, 2026 at 15:37  |  11:32  |  Bloomberg Markets
Speakers
Dan Williams — Jerusalem Reporter, Bloomberg
Skylar Woodhouse — Bloomberg News White House Correspondent

Summary

The segment discusses overnight attacks in the Strait of Hormuz and a planned Gulf Arab-Iran meeting in Muscat over the waterway's future. Dan Williams and Skylar Woodhouse detail the Houthi takeover of Bab el-Mandeb, attacks on Saudi oil infrastructure, and the resulting pressure on maritime traffic and fuel prices. They also cover US-Canada trade tensions, Canada's outreach to Europe, and the political stakes of higher energy costs ahead of US midterms.

  • Iranian vessel struck near Strait of Hormuz; one killed and four wounded.
  • Gulf Arab foreign ministers may meet Iran in Muscat to discuss a Hormuz arrangement.
  • Houthis have taken over Bab el-Mandeb, creating a second choke point and cutting Red Sea traffic.
  • Drone strike paralyzed a Saudi pipeline used to bypass Hormuz; Saudi oil exports are hurting.
  • Higher fuel prices and cost-of-living pressures are weighing on the US administration before midterms.
  • US-Canada trade tensions continue; Canada's Mark Carney pushes for closer EU ties.
  • Trump says he expects the war to end soon after November midterms.
Ideas
Dan Williams Jerusalem Reporter, Bloomberg 5:47
Two-strait disruptions drive oil prices higher
The conflict has evolved into a war over two straits: Houthi control of Bab el-Mandeb and Iran's push for control of Hormuz are cutting maritime traffic and driving up fuel prices, while a drone strike on a Saudi pipeline used to bypass Hormuz further tightens oil supply, supporting higher oil prices.
Dan Williams Jerusalem Reporter, Bloomberg 10:57
Saudi oil exports face painful disruption
A drone strike from within Iraq, presumably from Iran-aligned Shiite militias, paralyzed a major Saudi pipeline used to circumvent the closure of Hormuz, compounding the hit to Saudi oil exports and making this a very painful juncture for the kingdom.
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This Bloomberg Markets video, published September 13, 2026, features Dan Williams discussing WTI, KSA. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Dan Williams  · Tickers: WTI, KSA