Trump Suggests Diplomatic Opening as Middle East Tensions Rise
US President Donald Trump hinted at a possible diplomatic opening with Iran on Monday, stating that the country wants to make a deal 'quickly and badly.' The comments come as fighting across the Middle East escalates, threatening global oil supplies.
The Gulf Arab states postponed a planned meeting with Iran due to concerns over the conflict's spread. Meanwhile, Yemen's Iran-aligned Houthi rebels launched a fresh attack on Saudi Arabia, targeting a military airbase in southern Saudi Arabia. The Houthis claimed responsibility for firing dozens of missiles and drones at the facility.
The attack highlights fears that the conflict could further destabilize the region. Oil prices rose over 4% on Monday following the developments, before paring some gains during US morning trade. A prolonged shutdown of the Saudi pipeline, which was knocked out in a separate attack last week, could cut off up to 4% of global oil supply.