Iran says US war-ending contacts continue after Qatar-mediated talks stall
The gist
Iran said US contacts to end their eight-month war continue after Qatari-mediated talks ended with no breakthrough.
Oil fell over 7% on the talks, then whipsawed on conflicting signals.
How it unfolded
- Oct 28, 2026Qatari mediators presented Iran with a new draft deal to end the war; Tehran was expected to respond by the end of the week, an official briefed on the talks said.
- Nov 2, 2026Iran said contacts with the US were continuing after days of talks with Qatari mediators ended with altered proposals but no breakthrough.
- Nov 2, 2026Oil prices fell more than 7%, with Brent settling $8.66 lower at $104.77 a barrel and US West Texas Intermediate down $7.66 at $96.46.