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Trump starts Gulf visit in Saudi Arabia, focus on mega economic deals

U.S. President Donald Trump began a tour of wealthy Gulf states on Tuesday by visiting Saudi Arabia, with his focus on securing trillions of dollars in investments rather than security issues ranging from war in Gaza to Iran’s nuclear program.
Emerging from Air Force One, Trump punched the air in a show of solidarity when Crown Prince Mohammed bin Salman greeted him at the airport after his arrival in Riyadh with a who’s who of business leaders in tow including billionaire Elon Musk.
Trump will go on from Riyadh, which is hosting a Saudi-US Investment Forum, to Qatar on Wednesday and the United Arab Emirates on Thursday. But he has not scheduled a stop in Israel, a decision that has raised questions about where the close ally stands in Washington’s priorities.
“While energy remains a cornerstone of our relationship, the investments and business opportunities in the kingdom have expanded and multiplied many, many times over,” Saudi Investment Minister Khalid al-Falih said as he opened the forum.
“As a result … when Saudis and Americans join forces very good things happen, more often than not great things happen when those joint ventures happen,” he said before Trump’s arrival.
Trump hopes to secure trillions of dollars of investments from the Gulf oil producers. Saudi Arabia had pledged $600 billion but Trump has said he wants $1 trillion from the kingdom, one of Washington’s most important strategic partners.
The Saudi-US Investment Forum began with a video showing soaring eagles and falcons that celebrated the long history between the United States and the kingdom.
At the front of a palatial hall sat Larry Fink, the CEO of asset management firm BlackRock, Stephen A. Schwartzman, CEO of asset manager Blackstone, Treasury Secretary Scott Bessent, and Saudi Finance Minister Mohammed Al Jadaan and Falih.
Speaking at a forum panel, Fink said he had traveled to Saudi Arabia more than 65 times over 20 years. While the kingdom had been a follower when he first started visiting, it was now “taking control” and broadening its economy out of its oil base, he said.
Musk chatted briefly with both Trump and the crown prince, who is otherwise known as MbS, during a reception at a palace for the U.S. president.
MbS has focused on diversifying the kingdom’s economy in a major reform programme dubbed Vision 2030 that includes “Giga-projects” such as NEOM, a futuristic city the size of Belgium.
The kingdom has had to scale back some of its lofty ambitions as rising costs and falling oil prices weigh.
Joining Trump for a lunch with MbS are top U.S. businessmen including Musk, the Tesla and SpaceX chief, and OpenAI CEO Sam Altman.
LONG TIES BASED ON OIL AND SECURITY
Saudi Arabia and the U.S. have maintained strong ties for decades based on an ironclad arrangement in which the kingdom delivers oil and the superpower provides security.
Trump has also said he may travel on Thursday to Turkey for potential talks between Vladimir Putin and Volodymyr Zelenskiy on Russia’s war in Ukraine. An aide to Zelenskiy said the Ukrainian president would take part only if Putin does. The Russian leader has not said if he will attend, and has questioned Zelenskiy’s legitimacy.
Trump’s second foreign trip since returning to the presidency in January – his first was to Rome for Pope Francis’ funeral – comes at a time of geopolitical tension.
In addition to pressing for a settlement in Ukraine, his administration is pushing for a new aid mechanism for Gaza after 19 months of war and urging Israeli Prime Minister Benjamin Netanyahu to agree a new ceasefire deal there.
Israeli officials have put a brave face on Trump’s decision to bypass Israel during his trip but there are growing doubts in Israel about its position in his priorities as frustration mounts in Washington over the failure to end the Gaza war.
Over the weekend, U.S. and Iranian negotiators met in Oman to discuss a potential deal to curb Tehran’s nuclear program. Trump has threatened military action against Iran if diplomacy fails.
Iran’s Nournews quoted armed forces chief of staff Mohammad Bagheri as saying on Tuesday that Iran’s neighbours should retain neutrality and that any aggression against Iran would lead to definitive retaliation.
Trump is expected to offer Saudi Arabia an arms package worth more than $100 billion, sources told Reuters. This could include a range of advanced weapons.
Trump’s Middle East envoy, Steve Witkoff, said last week he expected progress imminently on expanding the Abraham Accords, a set of deals brokered by Trump in his first term by which Arab states including the UAE, Bahrain and Morocco recognised Israel.
But opposition by Netanyahu to a permanent stop to the war in Gaza or to the creation of a Palestinian state makes progress on similar talks with Riyadh unlikely, sources told Reuters.
(Reuters)
Regional
Iran, Israel launch new attacks after Tehran rules out nuclear talks

Iran and Israel exchanged fresh attacks early on Saturday, a day after Tehran said it would not negotiate over its nuclear programme while under threat and Europe tried to keep peace talks alive.
Shortly after 2:30 a.m. in Israel (2330 GMT on Friday), the Israeli military warned of an incoming missile barrage from Iran, triggering air raid sirens across parts of central Israel, including Tel Aviv, as well as in the Israeli-occupied West Bank, Reuters reported.
Interceptions were visible in the sky over Tel Aviv, with explosions echoing across the metropolitan area as Israel’s air defence systems responded.
At the same time, Israel launched a new wave of attacks against missile storage and launch infrastructure sites in Iran, the Israeli military said.
Sirens also sounded in southern Israel, said Magen David Adom, Israel’s national emergency service. An Israeli military official said Iran had fired five ballistic missiles and that there were no immediate indications of any missile impacts.
There were no initial reports of casualties.
The emergency service released images showing a fire on the roof of a multi-storey residential building in central Israel. Local media reported that the fire was caused by debris from an intercepted missile. Israel began attacking Iran last Friday, saying its longtime enemy was on the verge of developing nuclear weapons. Iran, which says its nuclear programme is only for peaceful purposes, retaliated with missile and drone strikes on Israel.
Israel is widely assumed to possess nuclear weapons. It neither confirms nor denies this.
Its air attacks have killed 639 people in Iran, according to the Human Rights Activists News Agency, a U.S.-based human rights organisation that tracks Iran. The dead include the military’s top echelon and nuclear scientists.
In Israel, 24 civilians have been killed in Iranian missile attacks, according to authorities.
Reuters could not independently verify casualty figures for either side.
TALKS SHOW LITTLE PROGRESS
Iran has repeatedly targeted Tel Aviv, a metropolitan area of around 4 million people and the country’s business and economic hub, where some critical military assets are also located.
Israel said it had struck dozens of military targets on Friday, including missile production sites, a research body it said was involved in nuclear weapons development in Tehran and military facilities in western and central Iran.
Iranian Foreign Minister Abbas Araqchi said there was no room for negotiations with the U.S. “until Israeli aggression stops”. But he arrived in Geneva on Friday for talks with European foreign ministers at which Europe hopes to establish a path back to diplomacy.
U.S. President Donald Trump on Friday reiterated that he would take as long as two weeks to decide whether the United States should enter the conflict on Israel’s side, enough time “to see whether or not people come to their senses”, he said.
Trump said he was unlikely to press Israel to scale back its airstrikes to allow negotiations to continue.
“I think it’s very hard to make that request right now. If somebody is winning, it’s a little bit harder to do than if somebody is losing, but we’re ready, willing and able, and we’ve been speaking to Iran, and we’ll see what happens,” he said.
The Geneva talks produced little signs of progress, and Trump said he doubted negotiators would be able to secure a ceasefire.
“Iran doesn’t want to speak to Europe. They want to speak to us. Europe is not going to be able to help in this one,” Trump said.
Hundreds of U.S. citizens have fled Iran since the air war began, according to a U.S. State Department cable seen by Reuters.
Israel’s envoy to the United Nations, Danny Danon, told the Security Council on Friday his country would not stop its attacks “until Iran’s nuclear threat is dismantled”. Iran’s U.N. envoy Amir Saeid Iravani called for Security Council action and said Tehran was alarmed by reports that the U.S. might join the war.
Russia and China demanded immediate de-escalation.
A senior Iranian official told Reuters that Iran was ready to discuss limitations on uranium enrichment but that it would reject any proposal that barred it from enriching uranium completely, “especially now under Israel’s strikes”.
Regional
Israel-Iran air war enters second week as Europe pushes diplomacy

Israel and Iran’s air war entered a second week on Friday and European officials sought to draw Tehran back to the negotiating table after President Donald Trump said any decision on potential U.S. involvement would be made within two weeks.
Israel began attacking Iran last Friday, saying it aimed to prevent its longtime enemy from developing nuclear weapons. Iran retaliated with missile and drone strikes on Israel. It says its nuclear programme is peaceful, Reuters reported.
Israeli air attacks have killed 639 people in Iran, said the Human Rights Activists News Agency. Those killed include the military’s top echelon and nuclear scientists. Israel has said at least two dozen Israeli civilians have died in Iranian missile attacks. Reuters could not independently verify the death toll from either side.
Israel has targeted nuclear sites and missile capabilities, and sought to shatter the government of Supreme Leader Ayatollah Ali Khamenei, according to Western and regional officials.
“Are we targeting the downfall of the regime? That may be a result, but it’s up to the Iranian people to rise for their freedom,” Israeli Prime Minister Benjamin Netanyahu said on Thursday.
Iran has said it is targeting military and defence-related sites in Israel, although it has also hit a hospital and other civilian sites.
Israel accused Iran on Thursday of deliberately targeting civilians through the use of cluster munitions, which disperse small bombs over a wide area. Iran’s mission to the United Nations did not immediately respond to a request for comment.
With neither country backing down, the foreign ministers of Britain, France and Germany along with the European Union foreign policy chief were due to meet in Geneva with Iran’s foreign minister to try to de-escalate the conflict on Friday.
“Now is the time to put a stop to the grave scenes in the Middle East and prevent a regional escalation that would benefit no one,” said British Foreign Minister David Lammy ahead of their joint meeting with Abbas Araqchi, Iran’s foreign minister.
U.S. Secretary of State Marco Rubio also met Lammy on Thursday and held separate calls with his counterparts from Australia, France and Italy to discuss the conflict.
The U.S. State Department said that Rubio and the foreign ministers agreed that “Iran can never develop or acquire a nuclear weapon.”
Lammy said the same on X while adding that the situation in the Middle East “remained perilous” and a “window now exists within the next two weeks to achieve a diplomatic solution.”
Russian President Vladimir Putin and Chinese President Xi Jinping both condemned Israel and agreed that de-escalation is needed, the Kremlin said on Thursday.
The role of the United States remained uncertain. Lammy also met Trump’s special envoy to the region, Steve Witkoff, on Thursday in Washington, and said they had discussed a possible deal.
Witkoff has spoken with Araqchi several times since last week, sources say.
The White House said Trump will take part in a national security meeting on Friday morning. The president has alternated between threatening Tehran and urging it to resume nuclear talks that were suspended over the conflict.
Trump has mused about striking Iran, possibly with a “bunker buster” bomb that could destroy nuclear sites built deep underground. The White House said Trump would decide in the next two weeks whether to get involved in the war.
That may not be a firm deadline. Trump has commonly used “two weeks” as a time frame for making decisions and has allowed other economic and diplomatic deadlines to slide.
With the Islamic Republic facing one of its greatest external threats since the 1979 revolution, any direct challenge to its 46-year-long rule would likely require some form of popular uprising.
But activists involved in previous bouts of protest say they are unwilling to unleash mass unrest, even against a system they hate, with their nation under attack.
“How are people supposed to pour into the streets? In such horrifying circumstances, people are solely focused on saving themselves, their families, their compatriots, and even their pets,” said Atena Daemi, a prominent activist who spent six years in prison before leaving Iran.
Regional
First batch of Indians evacuated from Iran arrives safely in Delhi

India’s evacuation mission from conflict-hit Iran took a major step forward early Thursday as the first batch of 110 Indian nationals — mostly students — arrived safely at Indira Gandhi International Airport in Delhi under Operation Sindhu.
The operation comes amid intensifying hostilities between Iran and Israel, which have severely impacted civilian life and disrupted air travel across the region.
The evacuees, including over 90 students from Jammu & Kashmir studying at Urmia University of Medical Sciences in northwestern Iran, undertook a long and complex journey that included a road trip into Armenia, followed by connecting flights through Yerevan and Doha.
Upon arrival, the returnees were received by Minister of State for External Affairs Kirti Vardhan Singh, who welcomed them and commended the Indian Embassy in Tehran and the Ministry of External Affairs (MEA) for their rapid coordination.
Many of the returnees described tense and frightening scenes as missile sirens blared near their dormitories and internet access was cut off amid Iranian air defense activity.
“We were extremely scared. There were blackouts, and we could hear bombs in the distance. But the Indian Embassy assured us they were working on a way out, and they did,” said Arooj Jan, a final-year medical student from Srinagar.
Others shared how food supplies were dwindling in student residences, and banking services were inaccessible. “We had no idea what was happening outside; calls weren’t going through, and everything was shut down,” said Tanveer Ahmad from Baramulla.
The Indian government launched Operation Sindhu on June 18 in response to the escalating regional conflict. According to the Indian ministry of external affairs, over 4,000 Indian nationals remain in Iran, with approximately 2,000 of them being students. The ministry has
established 24/7 emergency helplines and control rooms to assist those stranded.
Evacuation routes have been established through Armenia, Turkmenistan, and the UAE, and further batches are expected to be airlifted in the coming days. India is working closely with regional governments to ensure safe passage through land and air corridors.
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