Trump Meets Gulf Leaders as Iran War Widens and Energy Prices Rise
publishers 6articles 6first reported 24 Sep, 20:24 UTCdeveloping since 25 Sep · 3 editions
President Donald Trump met Middle Eastern and Gulf leaders on the sidelines of the United Nations, according to reports from CNN, The New York Times, Al Jazeera, The Wall Street Journal and The Jerusalem Post. CNN characterized Gulf governments as concerned both about further escalation and about the reliability of U.S. protection.
The Center for American Progress said the Trump administration’s war with Iran had disrupted major energy routes and infrastructure across the Middle East. It reported that Iran claimed full control of the Strait of Hormuz, while Houthi allies had seized two strategic islands in the Red Sea and a major port, giving them control over the Bab al-Mandeb strait, and Iranian-backed militias had attacked an oil pipeline crossing Saudi Arabia.
Global oil prices recently exceeded $100 a barrel, the group said. Citing AAA data, it reported that the U.S. average price for regular gasoline reached $4.44 a gallon on September 17, up 49% from February 27, while diesel averaged a record $6.40, more than 70% above its prewar level. The organization also cited Moody’s Analytics chief economist Mark Zandi as estimating that the conflict had cost the average U.S. household $1,650 by early September.
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