Brent crude has shot up to above $100 a barrel after US forces destroyed five Iranian tankers and Tehran responded with missile strikes on Jordan, the latest escalation in the conflict that has kept the Strait of Hormuz largely shut since February.
The talks follow the UAE's suspension of trade and financial dealings with Iran in August and follow the UAE's firm position that trust with Iran "is a mountain to climb" after Iran's attacks on the Gulf countries.
Tehran accused the United States for the latest attack on an Iranian commercial ship near Qeshm, the largest island in the Strait of Hormuz, as the blows between US and Iran in the strait continue.