Turkish President Recep Tayyip Erdogan, right, and Russian President Vladimir Putin speak in Istanbul on Wednesday. Pool/Presidential Press Service via AP

Turkish President Recep Tayyip Erdogan said no one in the region "wants to pay new prices."

Speaking in Istanbul after a bilateral talk with Russian President Vladimir Putin, Erdogan said the tension between our Iran and the US "reached to an undesirable level."

"We are trying to decrease tension by using all means of diplomacy at times of war drums," Erdogan said, adding:

No one has right to bring fire to region and especially Iraq for their own interests. We will do all possible not to allow region to be drowned in blood and tears. Turkey does not want Iraq Syria Lebanon or Gulf to be a scene of proxy wars."

The two presidents held one-on-one talks with translators behind closed doors, according to Russian state-run news media RIA Novosti.