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Home Trading News Stock Market

Middle East leaders meet in Pakistan; Trump weighs Iran ground troops

March 29, 2026
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Middle East leaders meet in Pakistan; Trump weighs Iran ground troops
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International Ministers Badr Abdelatty of Egypt, Prince Faisal bin Farhan Al Saud of Saudi Arabia, Ishaq Dar of Pakistan and Hakan Fidan of Turkey meet to debate regional de-escalation, amid the U.S.-Israel battle with Iran, in Islamabad, Pakistan, on March 29, 2026.

Turkish International Ministry | By way of Reuters

Pakistani Deputy Prime Minister and International Minister Ishaq Dar mentioned Sunday that each the U.S. and Iran have expressed confidence in Pakistan to carry talks within the coming days aimed toward ending the U.S.-Israeli struggle in Iran.

In an announcement following a gathering with the international ministers of Saudi Arabia, Turkey and Egypt, Dar mentioned Pakistan is partaking with the U.S. to seek out an finish to the battle, and that “each Iran and the US have expressed their confidence in Pakistan to facilitate the talks.

“Pakistan shall be honoured to host and facilitate significant talks between the 2 sides in coming days, for a complete and lasting settlement of the continued battle,” Dar mentioned.

It’s unclear whether or not the U.S. and Iran had agreed to any formal talks with Pakistan. The White Home didn’t instantly reply to a request for remark from CNBC.

The international ministers from the 4 Center East nations met in Pakistan on Sunday to debate the U.S. and Israeli struggle on Iran, as U.S. President Donald Trump reportedly weighs deploying floor troops into the battle that’s now stretching into its second month.

Trump, in the meantime, is reportedly weighing the deployment of U.S. floor troops into the battle as Iran holds the Strait of Hormuz largely closed — sending shockwaves by the markets and spiking oil and gasoline costs.

The Washington Submit reported Saturday evening that the Pentagon is making ready for weeks of potential floor battle in Iran as 1000’s of U.S. troops arrive within the area. It is unclear if Trump will green-light the operations, as he claims that the struggle effort is each winding down whereas threatening to escalate the battle.

Lawmakers, who simply left Washington for a two-week recess, on Sunday expressed some hesitation a few potential full-scale invasion of Iran with U.S. forces. However high Republicans appeared to offer Trump partial approval for some use of U.S. floor troops.

Sen. James Lankford, R-Okla., mentioned on NBC’s “Meet the Press” that his assist for using floor troops “depends upon what boots we’re placing on the bottom,” arguing that using particular forces items for particular objectives is completely different than a longstanding occupation and floor struggle, which he mentioned would require congressional authorization.

“If we had a long-standing struggle that is occurring, return once more to what occurred in Iraq or in Afghanistan, sure,” Lankford mentioned on congressional approval. “If that is to guard People and to have the ability to ensure that we’re in there for a season and we’re stopping and getting out, that is very, very completely different. So once more, that is all contingent.”

Iranian parliament speaker Mohammad Bagher Qalibaf on Sunday warned that Iranian troops “are ready for the arrival of American troops on the bottom to set them on hearth and punish their regional companions endlessly,” the Related Press reported, citing state media.

13 U.S. service members have been killed within the battle to this point. Introducing floor troops in Iran would expose U.S. troops to an elevated stage of hazard.

Egypt says conferences purpose for ‘direct dialogue’

Egyptian International Minister Badr Abdelatty mentioned the conferences in Pakistan are aimed toward opening a “direct dialogue” between the U.S. and Iran, which have largely communicated by mediators. The struggle started with U.S. and Israeli strikes throughout oblique talks. Pakistan mentioned the international ministers met Sunday with out U.S. or Israeli participation.

International Ministers Badr Abdelatty of Egypt, Prince Faisal bin Farhan Al Saud of Saudi Arabia, Ishaq Dar of Pakistan and Hakan Fidan of Turkey meet to debate regional de-escalation, amid the U.S.-Israel battle with Iran, in Islamabad, Pakistan, on March 29, 2026.

Turkish International Ministry | By way of Reuters

Iranian officers have rejected a U.S. 15-point “motion listing” as a framework for a potential peace deal and publicly dismissed the concept of negotiating below strain. However Iran’s state broadcaster has reported that Tehran drafted its personal five-point proposal, reportedly calling for a halt to killing Iranian officers, ensures towards future assaults, reparations, and Iran’s “train of sovereignty over the Strait of Hormuz.”

Iran has eased some restrictions on business ships within the strait, agreeing late Saturday to permit 20 extra Pakistani-flagged vessels to go by. It “sends a transparent sign that Iran stays open for enterprise with the world, supplied the USA abandons coercion,” mentioned Asif Durrani, Pakistan’s former ambassador to Iran.

An adviser to the United Arab Emirates, Anwar Gargash, referred to as for any settlement to the struggle to incorporate “clear ensures” that Iranian assaults on neighbors won’t be repeated. He mentioned Iran’s authorities has change into “the principle menace” to Persian Gulf safety, and referred to as for compensation for assaults on civilian infrastructure.

Iran heavy water manufacturing plant broken

The U.N. nuclear watchdog mentioned satellite tv for pc imagery confirmed extreme harm to the Khondab heavy-water manufacturing plant close to Arak.

The Worldwide Atomic Vitality Company added that the set up has no declared nuclear materials. Iran’s Atomic Vitality Group reported on Friday that the ability was hit and Israel claimed duty for the strike.

For the reason that struggle started a month in the past, a number of strikes have focused nuclear websites throughout Iran.

Aluminium maker struck

Aluminium Bahrain, which hosts the world’s largest smelter of the metallic, mentioned on Sunday its facility was subjected to an Iranian assault.

The corporate, often known as Alba, mentioned in an announcement that the assault occurred on Saturday.

“Alba is assessing the extent of the harm to its amenities and stays targeted on sustaining its operational resilience and the security of its staff,” Alba mentioned.

The corporate had lower manufacturing capability by 19% of its annual output of 1.6 million tons “as an operational measure to protect enterprise continuity amid ongoing provide and transit disruptions affecting the Strait of Hormuz,” the corporate mentioned on March 15.

The manufacturing cuts have been including to fears of a worldwide scarcity of the metallic. Aluminum costs surged to four-year highs earlier this month earlier than paring a few of these features. They continue to be 4.3% above their Feb. 27 ranges.

Whereas aluminum will be the most plentiful metallic on earth, it’s essential to the functioning of the world economic system. It’s a necessary materials throughout electronics, transport, and building, in addition to different industries akin to photo voltaic panels and packaging. 

Inventory Chart IconStock chart icon

LME Aluminum

Iran has been retaliating towards U.S. and Israeli assaults that started on Feb. 28 by firing missiles and drones at its regional neighbors.

The United Arab Emirates mentioned on Sunday its air defenses have been coping with the most recent salvo of incoming missiles.

Houthis enter the fray

On Saturday, Iranian-backed Houthi fighters mentioned they launched a missile strike towards Israel, the primary time the group has participated within the struggle.

Analysts have instructed CNBC that the Houthis may try and choke off maritime visitors by the Bab el-Mandeb Strait, separating the Arabian Peninsula and the Horn of Africa — by which ships should go to succeed in the Purple Sea and the Suez Canal — including to strain on international commerce.

On Saturday, Danish transport large Maersk, broadly considered a barometer of worldwide commerce, responded to experiences of drone exercise and explosions that occurred on the Port of Salalah in Oman.

The Bab el-Mandeb Strait was estimated to account for 12% of seaborne oil commerce and eight% of liquefied pure gasoline commerce within the first half of 2023.

Iranian forces have already successfully shut down the Strait of Hormuz between Iran and the Arabian Peninsula, by which about 20% of the world’s oil provides moved earlier than the struggle.

Oil costs on Friday closed at their highest stage in additional than three years, as President Donald Trump’s pivot towards negotiations with Iran didn’t ease market fears concerning the large provide disruption within the Center East.

U.S. crude oil costs rose 5.46% to shut at $99.64 per barrel. Worldwide benchmark Brent crude costs gained 4.22% to settle at $112.57. 

Trump’s transfer to offer Iran a 10-day extension to open the strategically very important Strait failed to assuage provide considerations. The president mentioned in a social media put up on Thursday that talks with Iran have been “going very effectively” regardless of “misguided statements on the contrary by the Pretend Information Media, and others.” Iran says it has not engaged in any negotiations.

As a part of the announcement, the U.S. president mentioned he would pause assaults on Iran’s power infrastructure by April 6.

In the meantime, a rising U.S. troop presence within the Gulf has raised fears of a floor invasion, probably prolonging the struggle and uncertainty for the worldwide economic system.

The U.S. Central Command confirmed the thirty first Marine Expeditionary Unit, made up of roughly 3,500 Sailors and Marines, arrived within the Center East on Saturday.

“U.S. Sailors and Marines aboard USS Tripoli (LHA 7) arrived within the U.S. Central Command space of duty, March 27,” in accordance with an announcement posted on X.

On Sunday, Iran threatened to focus on U.S. and Israeli instructional establishments within the area except the U.S. condemns assaults on Iranian universities, in accordance with Iranian media, which quoted its armed forces. It posted photos of harm to the College of Science and Know-how in Tehran, which it blamed on U.S. assaults.

Demise toll continues to climb

In Lebanon, officers mentioned greater than 1,200 folks have been killed. There have been fears of extra deaths after Netanyahu, talking on a go to to northern Israel, mentioned Israel was “decided to essentially change the scenario within the north.” He mentioned Hezbollah “nonetheless has residual functionality to fireplace rockets at us.”

Iranian authorities say greater than 1,900 folks have been killed within the Islamic Republic, whereas 19 have been reported useless in Israel.

In Iraq, the place Iranian-supported militia teams have entered the battle, 80 members of the safety forces have died.

In Gulf states, 20 folks have been killed. 4 have been killed within the occupied West Financial institution.

13 American service members have been killed within the struggle.

— The Related Press and Reuters contributed to this report

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