UAE, Saudi Arabia, Qatar All Urge Trump to Not Restart Iran War

Summary

Bloomberg's Michelle Brouhard discusses the rising risk of U.S.-Iran military escalation over the Memorial Day weekend, focusing on the Strait of Hormuz blockade and potential diplomatic deals. The Gulf states are urging Trump to pursue negotiations rather than renewed strikes. Brouhard highlights the binary outcome of either a mini-deal or further escalation, with proxies like Iraq and Hezbollah complicating the situation.

• Gulf states (UAE, Saudi Arabia, Qatar) press Trump to avoid restarting Iran war.
• U.S. claims total control of the Strait of Hormuz via a blockade.
• Trump hints at 2–3 day military strikes, possibly over Memorial Day weekend.
• A drone attack on a UAE nuclear plant from Iraq raises fears of proxy widening.
• Brouhard sees escalation risk as high given Iran's red lines on uranium and strait control.
• A potential mini-deal trading strait control for nuclear limits is discussed.
• Iran's proxies (Houthis, Hezbollah, Iraq militias) remain a wildcard.
• Markets face uncertainty with a long weekend that could allow more time for action.