Gulf Arab and European officials say a US-Iran peace deal could take about six months, urging an extended ceasefire to support negotiations. They called for the immediate reopening of the Strait of Hormuz to restore energy flows, warning privately of a potential global food crisis if disruptions persist into next month. Brent crude rose about 3.5% above $98 a barrel. Officials said Gulf states want diplomacy over renewed conflict but insist any deal address Iran’s nuclear ambitions, missile prog

Gulf Arab and European officials say a US-Iran peace deal could take about six months, urging an extended ceasefire to support negotiations. They called for the immediate reopening of the Strait of Hormuz to restore energy flows, warning privately of a potential global food crisis if disruptions persist into next month. Brent crude rose about 3.5% above $98 a barrel. Officials said Gulf states want diplomacy over renewed conflict but insist any deal address Iran’s nuclear ambitions, missile programs and regional activities. Oil prices remain about 35% higher since the war began.