Iranian Negotiators Leave Doha as Draft Proposal to End US Conflict Circulates

A draft proposal to resolve the conflict between the United States and Iran is circulating after Iranian negotiators concluded mediated talks in Doha. Progress toward reopening critical Persian Gulf shipping routes has weighed on crude risk premiums. The discussions center on a plan to lift the US naval blockade and reopen the Strait of Hormuz, which Iranian Foreign Minister Abbas Araqchi stated could reopen within two days instead of seven. US President Donald Trump confirmed talks have been productive and ruled out strikes before the November 3 midterm elections, though Iranian forces remain on alert.