Gulf states are developing a multipart peace agreement to prevent a renewed conflict between Iran and the United States. Negotiations aim to lift sanctions on Iran and secure the reopening of the Strait of Hormuz within four days of those sanctions being removed.

The deal also seeks to have Houthi forces withdraw substantial numbers of troops from inside Yemen. Washington is demanding a concession that allows UN weapons inspectors to return to Iran.

Ed Miliband urged Iranians to agree to the readmission of UN weapons inspectors during a meeting with Abbas Araghchi in New York. Oil prices climbed above 117 USD per barrel amid these developments.

Dr Ali Bagheri stated Iran was willing to reduce its proposal for the strait to reopen from 7 days to 4 days after sanctions are lifted. A high-level delegation from Saudi Arabia, Turkey and Pakistan travelled to Tehran on 26 October.

Mohsen Rezaei met the Houthi’s ambassador to Iran, Ibrahim al-Dulaimi, on 27 October. Oman’s foreign minister, Badr Albusaidi, stated the US administration understood the region is heading toward a peace deal involving eight countries.

Albusaidi said, "I think if Iran is fully re-engaged in this idea of having all of us, eight countries at peace with the rest of the world, the economic potential is going to be enormous for all of us in the region and those outside the region who choose to take part in this development. We have really discussed this in at length during the talks between Iran and the United States, and I think there is general acceptance that this will be the direction of travel once we have a deal in place at the end of the day." Araghchi said, "Recently, there has been talk of a new war but I am already thinking about the postwar period. Whether there is war or not, our policies remain the same."