As President Donald Trump squeezes oil exports from the Islamic Republic with sanctions, the discussions among other producers such as Saudi Arabia and Russian Federation likely will focus on whether they need to fill a resulting supply gap.
Authorities allege that a sabotage operation targeted four oil tankers off the coast of the United Arab Emirates, and Iran-aligned rebels in Yemen claimed responsibility for a drone attack on a crucial Saudi oil pipeline.
US officials said on Thursday that Trump had told his advisers, including acting Defense Secretary Patrick Shanahan, that he did not want to get into a war with Iran.
"The current critical circumstances entail a unified Arab and Gulf stance toward the besetting challenges and risks", the UAE foreign ministry said in a statement.
Baharin is a small, Sunni-ruled island nation off the coast of Saudi Arabia.
The IEA said Iranian crude production fell in April to 2.6 million barrels per day (bpd), down from 3.9 million before Washington announced in May 2018 it would withdraw from the 2015 Iran nuclear deal and reimpose sanctions.
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Mohammad Javad Zarif told state news agency IRNA that Tehran did not want a war, and that no country had the "idea or illusion that it can confront Iran". In a meeting with his Russian counterpart, Alexander Novak, on Sunday, Quevedo also stressed the "importance of maintaining a respectful relationship with the Russian Federation.to maintain the stability of the oil market".
In Tehran, the commander of the Revolutionary Guards named a new head of the force's intelligence unit on Saturday, the Fars news agency reported.
Amid growing tensions between the United States and Iran, Washington announced the deployment of an aircraft carrier battle group and a bomber task force to the Persian Gulf to counter what USA officials called "clear indications" of threats from Tehran to US interests or its allies in the region.
Congressional aides said that Secretary of State Mike Pompeo, Joint Chiefs of Staff Chairman General Joseph Dunford and Shanahan would hold a session on Tuesday afternoon for all members of the Senate. "The ball is in Iran's court".
Hours before the meeting in Jeddah, host Saudi Arabia said it does not seek war with Iran, but is ready to defend its interests. The crew are 24 Iranians and two Bangladeshis.
The minister said that if a decision were taken at that meeting to roll over cuts, then Saudi Arabia would stay within those limits.