Gulf states with strong ties to President Donald Trump are emerging from the war between Israel and Iran with greater regional influence and with some of their longstanding security concerns over Iranian power assuaged.

As shares rose and oil prices fell, Iran’s foreign minister said there was no formal deal but said Iran would stop if Israel did and referred to the war in the past tense. “The military operations of our powerful Armed Forces to punish Israel for its aggression continued until the very last minute,