Trump and Vance Signal Possible Iran Deal as Oil Prices Drop

Donald Trump said Monday that a deal with Iran "could happen," citing Tehran's desire for a quick agreement, while oil prices fell sharply on the diplomatic signals ahead of the U.S. midterm elections. The U.S. president and Vice President J.D. Vance expressed optimism about a negotiated outcome, marking a shift from weekend threats of strikes. Iran proposes reopening the Strait of Hormuz in two days but maintains conditions including a regional ceasefire, sanctions relief, and unfreezing assets. Analysts caution the diplomatic signals may be tactical given the unpopularity of the war and high fuel prices ahead of Tuesday's elections. Brent crude dropped 7.64% to $104.77 per barrel, still well above pre-conflict levels.