Trump sees light at end of tunnel

The U.S. president said Wednesday the country is hopefully nearing the end of its nearly seven-month war with Iran, claiming Tehran wants to make a deal.

“Well, hopefully we are toward the end of the war. They want to make a deal, we'll see how that works out.”

Fighting spreads to Yemen

Iran-backed Houthis are ramping up attacks on Saudi Arabia and launching a ground offensive to control the Bab el-Mandeb Strait, a vital oil chokepoint connecting the Red Sea to global markets.

Oil pipeline damaged in drone attack

Saudi Arabia shut its East-West pipeline after a September 11 drone attack damaged the crucial network that transports crude from the kingdom's eastern coast to the Red Sea port of Yanbu.

Oil prices dip on supply worries

Brent crude fell 1.5% to $104.28 a barrel and West Texas Intermediate dropped 1.1% to $101.30 after Saudi Arabia arranged alternative shipments through Oman, easing immediate supply concerns.

Trump plans Gulf summit next week

Trump will meet leaders from the six Gulf Cooperation Council states at the United Nations General Assembly in New York next Tuesday to discuss postwar strategy for the Iran conflict.

Iran may wait until after midterms

Analysts say Iran could be open to negotiating after the U.S. midterm elections in November, but continued reluctance to engage diplomatically risks dragging the conflict into late 2028 or beyond.

“Iran may be willing to do a deal after the midterms. If not, the war may continue until late 2028, if not beyond.”