Iran and US hold intensive indirect talks to avert war via mediators

Iran announced intensive indirect negotiations with the United States via mediators to avert war, offering to reopen the Strait of Hormuz within two days under strict conditions. Oil prices dropped over six percent on Monday amid optimism over the eight-month conflict. Foreign Minister Abbas Araghchi confirmed Qatar and Pakistan are mediating, while Vice President JD Vance reportedly sent a letter to Iran's security chief. Iran demands an end to the war, unfrozen assets, lifted oil sanctions, and reduced US troop presence, with China and Russia urging diplomatic resolution. The diplomatic push precedes Tuesday's US midterm elections, where war and fuel prices weigh on Republicans. Iran warned any military attack would meet a "powerful, immediate and comprehensive response," while Trump reiterated threats against suspected nuclear sites.