Trump Eyes Iran War End, Plans 6-Nation Gulf Meeting as Brent Falls 1.5%
Updated
Updated · CNBC · Sep 17
Trump Eyes Iran War End, Plans 6-Nation Gulf Meeting as Brent Falls 1.5%
3 articles · Updated · CNBC · Sep 17
Summary
Trump said the U.S. is "hopefully" nearing the end of its nearly seven-month war with Iran and disclosed direct contact with Tehran, while preparing talks with Gulf leaders in New York next Tuesday.
The diplomatic push comes as Saudi-Houthi fighting widens the conflict into Yemen, with the Iran-backed group attacking Saudi targets and pressing around the Bab el-Mandeb oil chokepoint.
Saudi Arabia shut its East-West Pipeline after drone damage, though reports of extra crude shipments via Oman's Sohar port eased immediate supply fears and pushed Brent down 1.5% to $104.28.
Axios said invitations went to the six Gulf Cooperation Council states for talks on U.S. postwar proposals, even as ceasefire efforts appear stalled and no final day-after plan is expected before November's midterms.
The broader outlook remains uncertain: the U.N. is urging de-escalation and restored navigation, while analysts say Iran may wait until after the midterms to negotiate and warn the war could otherwise drag on into 2028.