Egypt said Wednesday that a summit in which Libya, Syria and Egypt would seek a peaceful settlement to the Persian Gulf crisis might be held after consultations between the countries' leaders and their foreign ministers.

The ministers of the three Arab states met for five hours Wednesday in Cairo without announcing any plans for a three-way summit that was being sought by Libyan leader Col. Moammar Gadhafi. He had said such a meeting would be held within days.Gadhafi said the foreign ministers would work out arrangements for a summit on the gulf crisis between himself, Egyptian President Hosni Mubarak and Syrian President Hafez Assad.

A spokesman for Mubarak said the ministers would discuss the proposed summit with the three heads of state, who would then decide whether to hold the meeting.