U.S. and Iran hold indirect talks as Mideast oil exports hit war-time high

U.S. and Iranian officials held separate indirect talks with mediators Monday to push for a ceasefire, as Middle East crude exports rebounded to their highest level since the seven-month war began. Iranian Foreign Minister Abbas Araghchi met Qatari mediators in New York, saying he expects Washington's reply by Tuesday. Iran's proposal demands a U.S. timeline to release frozen funds, lift oil sanctions, and end the naval blockade, with nuclear talks to follow. President Trump called the plan "unacceptable" but confirmed U.S. officials spoke with mediators. Middle East crude exports reached nearly 80% of pre-conflict levels, though Strait of Hormuz traffic remains far below normal. U.S. retail diesel prices hover near a record $6.53 a gallon, and the administration is weighing an export ban that could keep 1.2 million barrels daily at home.