The past few days have been tense. Although no US strikes were launched from Friday night into Saturday morning and the Gulf region remained quiet early Sunday, anticipation surrounding President Trump’s next move is keeping energy traders and Gulf governments on edge. The big concern is that another round of strikes could trigger a wider regional conflict, particularly as the Iranian-backed Houthis have reactivated offensive operations in the southern Red Sea in recent weeks.
The Trump administration and Department of War may pursue de-escalation from here after Trump wrote on Truth Social late Saturday night: “We have just been asked by Iran, and other Middle Eastern Countries, to hold off any attack in that the perimeters of a deal has been agreed to.”
“Tonight from 9:36 PM to 9:37 PM the S&P 500 price on Hyperliquid spiked bigly, and I couldn’t figure out why… …then Trump posted his TACO @ 10:05 PM. THEN I understood why,” X user Stanphyl Capital wrote.
That de-esclation pathway was followed by a new signal early Sudnay from Saudi Press Agency, Saudi Arabia’s official state news agency, stating that Saudi Crown Prince Mohammed bin Salman held a call with President Trump, discussing the “necessity of prioritizing dialogue to de-escalate tensions and the importance of exerting all possible efforts to achieve a truce that paves the way for diplomatic solutions that yield positive results for preserving the security and stability of the region and prevent it from being drawn into a wider conflict whose repercussions would affect regional and international security and stability.”
The MbS-Trump call was first reported by Axios, which got the scoop on Saturday evening:
Saudi Crown Prince Mohammed bin Salman spoke to President Trump on Saturday and expressed concern over his plans for massive new strikes against Iran, according to two U.S. officials and a third source with knowledge of the call.
. . .
Such an attack could lead to an unprecedented escalation in the five-month war, which has repeatedly paused as Trump opened the door to negotiations — only to resume when those diplomatic efforts failed.
Iran has threatened to retaliate by launching attacks against energy and infrastructure facilities in Israel and the Gulf countries
- The Saudis expressed concern and asked for clarity about the plan of action,” one U.S. official told Axios.
- A second source with knowledge of the call said MBS urged Trump to de-escalate and refrain from launching the strikes.
Why the MBS-Trump conversation matters is that Saudi Arabia remains one of Washington’s top Gulf region allies. Riyadh has heavily influenced Trump’s Iran policy at previous inflection points and appears to have exerted similar influence in delaying or narrowing the next phase of US military action.
Tyler Durden
Sun, 08/02/2026 – 15:00
