US&nbsp;President Donald Trump is a possible contender for this year's Nobel Peace Prize after holding a historical meeting with North Korean leader Kim Jong Un in Singapore on June 12, 2018 which ambitiously aimed to pave the way for the denuclearisation of the Korean Peninsula.

Trump's journey to peace talks with North Korea began with name calling. But more recently the US&nbsp;president has described Kim as "open" and "honourable," in sharp contrast to deriding the Korean leader in the past -- labelling him "rocket man."

In June, Trump became the first serving US&nbsp;president to meet a North Korean leader in hopes of resolving a crisis over Pyongyang's development of nuclear missiles capable of hitting the United States.

The tests and escalating rhetoric between Trump and Kim raised fears of war before the North Korean leader called, in a New Year speech, for lower military tensions and improved ties with South Korea.

Much of the change in tone from confrontation to engagement has been driven by the two Korean leaders, however, starting with Kim's New Year's address, in which he said he was open to reducing tensions with South Korea and was willing to send a delegation to the Winter Olympics.

US&nbsp;Secretary of State Mike Pompeo said on Wednesday he had a "very positive" meeting with North Korea Foreign Minister Ri Yong Ho on Wednesday and he would travel to Pyongyang again in October to prepare for the second summit between President Donald Trump and North Korean leader Kim Jong Un.

The Nobel Peace Prize will be announced in Oslo on Friday, October 5, at 1100 am (local time).

US President Donald Trump is a possible contender for this year's Nobel Peace Prize after holding a historical meeting with North Korean leader Kim Jong Un in Singapore on June 12, 2018 which ambitiously aimed to pave the way for the denuclearisation of the Korean Peninsula.

US President Donald Trump is a possible contender for this year's Nobel Peace Prize after holding a historical meeting with North Korean leader Kim Jong Un in Singapore on June 12, 2018 which ambitiously aimed to pave the way for the denuclearisation of the Korean Peninsula. Trump's journey to peace talks with North Korea began with name calling. But more recently the US president has described Kim as "open" and "honourable," in sharp contrast to deriding the Korean leader in the past -- labelling him "rocket man." In June, Trump became the first serving US president to meet a North Korean leader in hopes of resolving a crisis over Pyongyang's development of nuclear missiles capable of hitting the United States. The tests and escalating rhetoric between Trump and Kim raised fears of war before the North Korean leader called, in a New Year speech, for lower military tensions and improved ties with South Korea. Much of the change in tone from confrontation to engagement has been driven by the two Korean leaders, however, starting with Kim's New Year's address, in which he said he was open to reducing tensions with South Korea and was willing to send a delegation to the Winter Olympics. US Secretary of State Mike Pompeo said on Wednesday he had a "very positive" meeting with North Korea Foreign Minister Ri Yong Ho on Wednesday and he would travel to Pyongyang again in October to prepare for the second summit between President Donald Trump and North Korean leader Kim Jong Un. The Nobel Peace Prize will be announced in Oslo on Friday, October 5, at 1100 am (local time).

US President Donald Trump possible contender for 2018 Nobel Peace Prize?

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US President Donald Trump possible contender for 2018 Nobel Peace Prize?