(June 6): The U.S. said it will seek to defuse a growing rift between its energy-rich Gulf allies after Saudi Arabia led a drive to isolate Qatar by cutting off air and sea transport and closing the tiny nation’s only land border.

President Donald Trump wants to “de-escalate” the crisis and is committed to holding talks with all parties, White House spokeswoman Sarah Sanders told reporters Monday. Earlier, the Saudis and three regional allies –  the United Arab Emirates, Egypt and Bahrain – suspended flights and sea travel to Qatar, escalating a week-old row and sending Qatari stocks plunging, though there’s been no immediate impact on Gulf energy exports.

Saudi Arabia accused its fellow Gulf Cooperation Council member of supporting a range of violent groups, from proxies of Shiite Muslim Iran to the Sunni militants of Islamic State. Qatar dismissed the charges as baseless, and said the Saudis are seeking to dominate their smaller neighbor.

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