US-Iran talks resume in Doha as oil prices drop 3%

Oil prices fell 3% Monday after the U.S. and Iran resumed peace talks in Doha, Qatar, though President Donald Trump warned he may still strike Tehran, saying "the hammer" remains an option. Iranian negotiators left Doha on Sunday after three days of discussions, with a draft peace proposal circulating for feedback and a possible follow-up meeting expected. Trump escalated threats at an Iowa rally, saying he wants to save lives but that "at some point, we're going to have to give them the hammer." Separately, investigators reported small Iranian tankers are evading the U.S. naval blockade, smuggling liquefied petroleum gas to China via a Malaysian anchorage. Trump reportedly favors letting negotiations play out before renewing attacks, despite Israeli Prime Minister Benjamin Netanyahu's advice to strike immediately after U.S. midterm elections.