Updated

Tensions tied to the broader Iran conflict intensified as Gulf states absorbed escalating attacks from Iran and Iran-aligned Houthi militants, prompting President Trump to plan meetings with Gulf leaders at the UN next week to discuss an endgame for the Iran war after ceasefire talks. Oil markets have been volatile amid fears that the conflict could disrupt Gulf crude supply. On Friday, oil prices fell as additional Saudi crude supplies helped ease disruption fears, even as fresh Houthi strikes continued. The price decline suggests markets are weighing increased Saudi output against the risk of further escalation in the region.