Persian Gulf nations and Pakistan stepped up efforts to transform a fragile truce in the Iran war into a permanent peace deal, with US President Donald Trump again signaling that the conflict may end soon.

Field Marshal Asim Munir, Pakistan’s army chief and the favored interlocutor between the US and Iran, visited Tehran Friday for discussions on an accord with Iranian Foreign Minister Abbas Araghchi that lasted late into the night. Araghchi held separate talks with his counterparts in Oman, Turkey, Qatar and Iraq, and United Nations Secretary General António Guterres, the Iranian Foreign Ministry said.

The US and Iran have major disagreements on issues such as Iran's nuclear program and the rights to control traffic through the Strait of Hormuz, a crucial passageway for global energy supplies.

On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with:

- Bloomberg News White House Correspondent Kate Sullivan on President Trump’s next steps in Iran after the President canceled plans to attend his son’s wedding.

- Retired US Army General & Former CIA Director, David Petraeus, gives his opinion on how the United States are handling the conflict in Iran, as well has what to expect from his meetings with world leaders to discuss all of the global conflicts around the world.

- Jeremy Konyndyk, Refugees International President & Former Executive Director of the USAID COVID-19 Task Force, on the World Health Organization upgrading the Ebola outbreak risk assessment to “very high” in the Democratic Republic of Congo.

- Wayback Burgers CEO Patrick Conlin on how rising food costs are affecting the “fast casual” industry ahead of Memorial Day.

Plus, David, Christina, and Lisa Mateo play Pointed: The News Quiz for Risk Takers

For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.

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