• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

2

The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises

3

Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics

1

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

2

The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises

3

Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
PoliticsIran

Saudi Arabia intensifies engagement with Iran to defuse war

By
Donato Paolo Mancini
Donato Paolo Mancini
,
Fiona MacDonald
Fiona MacDonald
,
Samy Adghirni
Samy Adghirni
,
Sam Dagher
Sam Dagher
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Donato Paolo Mancini
Donato Paolo Mancini
,
Fiona MacDonald
Fiona MacDonald
,
Samy Adghirni
Samy Adghirni
,
Sam Dagher
Sam Dagher
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
March 7, 2026, 11:26 AM ET
A US Air Force B-1 Lancer bomber is worked on by military personnel at RAF Fairford in south west England shortly after sunrise on March 7, 2026.
A US Air Force B-1 Lancer bomber is worked on by military personnel at RAF Fairford in south west England shortly after sunrise on March 7, 2026. JUSTIN TALLIS / AFP via Getty Images

Saudi Arabia has stepped up direct engagement with Iran to try and contain a war in the Middle East that is causing havoc and stressing global markets, according to several European officials.

Recommended Video

In recent days, Saudi officials have deployed their diplomatic backchannel to Iran with greater urgency to de-escalate tensions and prevent the conflict from worsening, the officials said, asking not to be named discussing private and sensitive conversations. Several European and Middle Eastern nations are backing these efforts, according to these officials.

The talks have involved security agencies and diplomats, they added, but it isn’t clear whether they have included higher-ranking officials. So far, Iran has shown little inclination to negotiate with the US or Israel.

The Saudis are in communication with the Iranian ambassador to Riyadh on a near daily basis to reiterate that the kingdom’s territory is not being used by the US or anyone else to attack Iran, said another person with knowledge of the situation. Saudi Arabia is also saying to Iran that if it keeps up its attacks, the kingdom may be forced to retaliate, the person said. Still, Saudi authorities don’t have high confidence they can stop the war at this stage, the person said.

Officials at the Saudi foreign ministry did not respond to requests for comment.

Iran has responded to US-Israel strikes that began on Feb. 28 with missile and drone attacks of its own. Gulf states have urged Iran to avoid retaliating against them and the likes of Saudi Arabia, the United Arab Emirates and Qatar have said the US and Israel cannot use their airspace or territory for any attacks on the Islamic Republic.

The Gulf Cooperation Council, which Saudi Arabia is part of, said last weekend its members affirmed their right to respond to Iran in “self-defense, either individually or collectively.”

For now, the US and Israel, as well as Iran, are saying in public the war will continue. American President Donald Trump said Friday he will only accept Tehran’s “unconditional surrender.”

The US “must take such a dream to the grave,” Iran’s President Masoud Pezeshkian said on Saturday.

Sunni Arab states in the Gulf have long had tense relations with Iran, a Shia-majority country. Still, in recent years, Saudi Arabia and the UAE had sought to improve relations and, before hostilities started, were keen for Iran to agree a diplomatic deal with the US through talks mediated by Oman.

The CEO-in-Chief speaks. Fortune sits down with President Trump on tariffs, the Intel stake, Boeing's record orders, and what the markets should expect next. Read the interview
About the Authors
By Donato Paolo Mancini
See full bioRight Arrow Button Icon
By Fiona MacDonald
See full bioRight Arrow Button Icon
By Samy Adghirni
See full bioRight Arrow Button Icon
By Sam Dagher
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

cassidy
PoliticsElections
Anti-Trump Republicans are dead pols walking. Call them the ‘YOLO caucus’
By Steven Sloan, Joey Cappelletti and The Associated PressMay 20, 2026
55 minutes ago
soros
Politicsphilanthropy
‘We will not be intimidated into silence’: George Soros foundation pledges $300 million toward democratic rights
By Thalia Beaty and The Associated PressMay 20, 2026
1 hour ago
massie
PoliticsElections
Trump gets revenge on Epstein rebel Thomas Massie in Kentucky GOP primary
By Jesse Bedayn, Dylan Lovan and The Associated PressMay 20, 2026
1 hour ago
Dr. Bernice A. King
Workplace CultureWorkplace Innovation Summit
Dr. Bernice King on why companies that walked back DEI were never truly committed: ‘If you retreat that quick…that reveals who you really are’
By Preston ForeMay 19, 2026
22 hours ago
Photo of Donald Trump (left) with Mark Cuban
PoliticsDonald Trump
Trump and Mark Cuban end war of words to tag-team America’s drug pricing crisis: ‘Democrats want cheaper medications, too’
By Catherina GioinoMay 19, 2026
22 hours ago
U.S. President Donald Trump speaking at a podium flanked by signs that say "Winning the AI Race."
NewslettersEye on AI
The times they are a-changin’: Washington suddenly warms to regulating AI
By Jeremy KahnMay 19, 2026
23 hours ago

Most Popular

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
Workplace Culture
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
By Preston ForeMay 19, 2026
20 hours ago
The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
Politics
The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
By Jake AngeloMay 12, 2026
8 days ago
Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
Future of Work
Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
By Mike Householder and The Associated PressMay 17, 2026
3 days ago
Current price of oil as of May 19, 2026
Personal Finance
Current price of oil as of May 19, 2026
By Joseph HostetlerMay 19, 2026
1 day ago
Spirit Airlines apologizes to all the Americans who can't afford any summer vacation flights as it shuts down
Travel & Leisure
Spirit Airlines apologizes to all the Americans who can't afford any summer vacation flights as it shuts down
By Rio Yamat and The Associated PressMay 18, 2026
2 days ago
Employers are quietly pausing 401(k) matches again. The last time this happened was the 2008 recession and Covid
Personal Finance
Employers are quietly pausing 401(k) matches again. The last time this happened was the 2008 recession and Covid
By Courtney Vinopal and HR BrewMay 18, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.