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The agreement would fulfil a long-held Saudi ambition but could attract concern in Israel and from some US lawmakers.
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June's fall in inflation will be welcomed by the new prime minister but analysts warn the fall is temporary.
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Some lawmakers appeared frustrated as they sought clarity on the Trump administration's strategy for the conflict amid renewed hostilities and a $67 billion funding request.
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After a weekend of deadly attacks, the Pentagon has released the identities of some of the fallen service members, including 1st Lt. Tyler James Feehan from Hawaii and Pvt. Isabella Gonzales from Texas, who were killed from an Iranian attack. NBC's Keir Simmons reports from the region.
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