Trump signals progress in Iran talks to avert war, Tehran offers Hormuz reopening

US President Donald Trump signaled progress in talks with Iran to avoid renewed war, saying a deal "could happen" as Tehran reported intensive exchanges and offered to reopen the Strait of Hormuz under conditions. Oil prices plunged over 7 percent on the optimism. The diplomatic signals came a day before US midterm elections, with Vice President JD Vance expressing optimism about securing an agreement. Iran's Foreign Minister Abbas Araghchi said indirect talks were underway via Qatari and Pakistani mediators, while a senior Iranian official said Tehran could reopen the strait within two days if Washington meets demands including lifting sanctions and ending the war. Iran warned it would make no compromises on national security and sovereignty, while China urged peaceful resolution and hosted meetings with Iranian and Saudi officials. Trump maintained threats against Iran, and Tehran vowed a powerful response to any aggression.