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Market Chatter: Gulf States to Urge Trump to Avoid Conflict Escalation; US Open to Talks With Iran

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Gulf Cooperation Council officials will meet with US President Donald Trump on Tuesday to urge him to prevent an escalation of conflict with Iran, Bloomberg reported Tuesday, citing people familiar with the matter.

The GCC consists of six Middle Eastern countries, including Saudi Arabia, the UAE and Qatar. The GCC states, which have been heavily impacted by the US-Iran war, are hoping that the meeting with Trump on the sidelines of the United Nations General Assembly in New York will lead to progress toward ending the conflict, the report said.

Meanwhile, US Secretary of State Marco Rubio told NBC News in an interview that the US is open to a meeting with Iran at the UN assembly, although there is no definite schedule yet.

The US Department of State did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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