US and Iran report progress in talks to ease tensions before US midterm elections

President Trump reported progress in talks with Iran to prevent renewed hostilities on Monday, as Tehran offered to reopen the Strait of Hormuz under conditions, one day before US midterm elections. The diplomatic signals were later shaken by reports of a US attack on Iran's Qeshm island. Iranian Foreign Minister Abbas Araghchi confirmed intense indirect consultations via Qatari and Pakistani mediators, while Vice President JD Vance expressed optimism about a potential deal. Tehran offered to reopen the strait within two days if Washington accepts demands including a regional ceasefire, sanctions relief, and an end to the naval blockade. Oil prices fell over 7% on optimism about ending the eight-month conflict. Analysts suggest the diplomatic overtures may be tactical ahead of the elections, as the war and fuel prices are unpopular with US voters. Trump has also threatened Iranian nuclear facilities while allowing negotiations to continue.