US signals progress in talks with Iran to avert renewed war

Oil prices dropped more than 7% on Monday amid optimism over the possibility of ending the eight-month conflict between the United States and Iran. US President Donald Trump hinted at progress in negotiations with Tehran, stating Iran desires an agreement "as soon as possible." Vice President Kamala Harris expressed optimism about securing a deal, noting they have made "some progress."

Iran's Foreign Minister Abbas Araghchi confirmed indirect talks were taking place via mediators, with Qatar and Pakistan playing crucial mediating roles. China urged the resumption of negotiations, while Iran's security chief held discussions with Russian President Vladimir Putin.

Trump's victory in the upcoming midterms is under pressure from voters dissatisfied with the war and rising fuel costs. Iran's first vice president Mohammad Reza Aref claimed the US messages acknowledged Iran's "victory." However, Trump has threatened to use force against Iran, stating "at some point we're going to have to give them the hammer."

Iran proposed reopening the Strait of Hormuz, a vital energy corridor, if the US meets Iran's demands, including ending the war, unfreezing Iranian assets, lifting oil sanctions, and ceasing its counter-blockade of Iranian ports. This plan's potential implementation within two days underscores Iran's genuine willingness to negotiate.