Trump to meet Gulf leaders on Iran endgame as oil strain persists
Vessels transiting through the Gulf of Oman are pictured off the coast of Muscat on July 25, 2026. (Photo by AFP via Getty Images) /
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U.S. President Donald Trump plans to meet Gulf leaders on the sidelines of the United Nations General Assembly in New York next Tuesday to discuss next steps for the war with Iran, Axios reported Thursday.
The report came as Washington’s efforts to resume ceasefire talks appear to have stalled, as Gulf states absorb escalating attacks from Iran and Iran-aligned Houthi militants in recent days, that have further disrupted energy exports and rattled oil markets.
Trump is expected to meet leaders from the six Gulf Cooperation Council states — Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, Kuwait and Oman — with the guest list possibly widening to other Arab and Muslim leaders, according to the report. The State Department sent initial invitations Wednesday, Axios reported, citing unnamed people with knowledge of the matter.
The discussion will focus on U.S. proposals for a postwar strategy, Axios reported, as Trump and his senior team work on a day-after plan that isn’t expected to be finalized until after the U.S. midterm elections in November.
Israeli Prime Minister Benjamin Netanyahu also wants to meet Trump in New York, though no meeting has been scheduled, according to the report, which cited an Israeli source.
Trump claimed Wednesday that Iran has reached out directly to Washington and wants to make a deal, describing the state of the war as nearing its end. “They want to make a deal, and we’ll see how that works out,” he told reporters upon landing in North Carolina.
Economic costs
The latest diplomatic push comes as Gulf states face mounting economic costs from the conflict. Saudi Arabia shut its East-West Pipeline, a highly strategic network that transports crude oil from the kingdom’s eastern coast to the port of Yanbu on the Red Sea, following the damage caused by a drone attack.
Crude prices pared earlier gains Wednesday after Saudi Arabia reportedly arranged additional shipments through Oman’s Sohar port via ship-to-ship transfers, easing fears of a prolonged supply gap. Brent crude eased to $105.8 a barrel, while West Texas Intermediate dropped 0.22% to $102.14.
On Wednesday, U.N. Secretary-General António Guterres repeated calls for de-escalation in the region, urging diplomacy and the restoration of freedom of navigation in the Strait of Hormuz. It remains unclear what Washington in its postwar arrangement would require of Gulf states or Iran.
Iran could be open to negotiating after the U.S. midterms, but continued reluctance to engage diplomatically risks dragging the conflict out for longer, said Michael Feller, chief strategist at Geopolitical Strategy.
“Iran may be willing to do a deal after the midterms. If not, the war may continue until late 2028, if not beyond,” Feller said.
One source of relief would be repairs to the East-West Pipeline, he said, though export-terminal stockpiles will run out unless the line is restored within days.