US-Iran talks, oil slide and rate relief
Reports of US-Iran negotiations pushed WTI to its lowest since early September and yields lower, though Qatar says reported deal details are false.
What we know
Trump says more strikes are unlikely if talks progress, while Qatar denies reported details. WTI fell to $86.60 and yields hit session lows. An unconfirmed claim says Vance will meet Iranian officials in Doha. A poll shows voters favor lower prices over Iran military goals.
How the story developed
Reports of US-Iran negotiations pushed WTI to its lowest since early September and yields lower, though Qatar says reported deal details are false.
IRGC says more tankers are ablaze in Hormuz, while Saudi Arabia reports foiling Houthi and Aramco-targeted attacks on Riyadh.
Explosions were reported across southern Iran, the IRGC claims tankers hit mines, and CENTCOM confirmed disabling a commercial vessel in the Gulf of Oman. ISW says the US struck Iranian air defenses on Qeshm Island and is weighing broader strikes.
Rubio and Bessent reportedly favour expanding Iran sanctions and keeping the blockade, while Qatar urges de-escalation. Ukraine hit a Russian plant with a Flamingo missile.
Iran's Supreme Leader says US power is in irreversible decline while NYT reports Tehran is open to nuclear talks. Court documents also reveal secret US-Iran coordination on deportations during the war.
Trump says he doesn't regret the Iran war but acknowledged it contributed to the losses, while Iran's Parliament Speaker welcomed the result and Hormuz and energy-driven inflation remain live concerns.
US forces hit Qeshm Island in the Strait of Hormuz on Monday night, described as defensive, one day before the midterm elections. It is feeding into oil positioning, political speculation and Iranian public reaction.
Social posts, including one quoting Tucker Carlson, claim Israel is pushing the US toward a nuclear strike on Iran. Related conspiracy posts about a Learjet crash and Sen. Murphy's health are unverified.
Reports of vessels hit by projectiles in the Strait of Hormuz, unclear activity in Kuwait, and Sen. Murphy's stroke after warning about an Iran attack plan.
Iran says a tanker hit mines in Hormuz and caught fire, while its security chief says nuclear doctrine is under debate if war resumes. Commentary also surrounds Trump's remarks on Iran war costs.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.