World · Middle East · 3 hrs ago
Trump and Vance say a negotiated deal with Iran may be possible
President Donald Trump and Vice President JD Vance said the United States sees a possible path to a deal with Iran after recent talks made some progress.
Iran has disclosed indirect negotiations with Washington, with Qatar among the mediators.
The countries remain divided over Iran’s nuclear program, US sanctions and conditions for reopening the Strait of Hormuz, a key route for global oil shipments.
Iran has tied reopening the passage to economic and military demands, including relief from US sanctions.
The dispute follows months of tension and fighting that began with joint US-Israeli strikes on Iran earlier this year.
The possibility of an agreement helped push oil prices lower, while Vance said any deal must include a verifiable commitment that Iran will not rebuild its nuclear program.
The sides plan to keep negotiating, but neither leader gave details of a deal or a timetable.
President Donald Trump and Vice President JD Vance said a negotiated deal with Iran may be possible after recent progress in talks.
Iran has offered to reopen the Strait of Hormuz under conditions, and Tehran has disclosed indirect negotiations with Washington.
Vance said the United States wants a firm, verifiable commitment that Iran will not rebuild its nuclear program.
Iran’s conditions include economic and military demands, including relief from US sanctions.
Brent crude for January fell 7.6% to $104 a barrel at the close of trading in London.
- Who
- US President Donald Trump and Vice President JD Vance said a deal with Iran may be possible. Iran has disclosed indirect negotiations with Washington.
- What
- The countries are discussing a possible negotiated settlement, with disagreements over Iran’s nuclear program, sanctions and the Strait of Hormuz.
- When
- Monday, November 2, 2026.
- Where
- The negotiations are between Washington and Tehran, with international mediators including Qatar.
- Why
- The sides are seeking a diplomatic way out of the conflict, amid tensions over Iran’s nuclear program and the Strait of Hormuz.
United States
Iran
Nuclear program
United States
The US wants a firm, verifiable commitment that Iran will not rebuild its nuclear program.
Iran
Iran’s specific position on the nuclear program is not stated.
Strait of Hormuz
United States
The US has prioritized restoring traffic through the strait.
Iran
Iran conditions reopening the passage on economic and military demands.
Sanctions
United States
The US has imposed economic sanctions on Iran.
Iran
Iran includes relief from US sanctions among its demands for reopening the strait.
Joint US-Israeli strikes on Iran began, and the effective closure of the Strait of Hormuz contributed to a rise in global energy prices.
Iran disclosed indirect negotiations with the United States, with mediators including Qatar involved.
Trump said a deal with Iran could happen, and Vance said the two sides had made progress in conversations.
Brent crude for January fell 7.6% and closed at $104 a barrel in London.
- Oil price drop
- Brent crude for January fell 7.6%, or $8.60, to $104 a barrel.
- Trump’s statement
- He said an agreement with Iran “could happen.
- Vance’s assessment
- He said the sides had made progress and could make more.
- US concern
- Washington wants a verifiable commitment that Iran will not rebuild its nuclear program.
- Iran’s condition
- Iran links reopening the Strait of Hormuz to economic and military demands, including sanctions relief.
- Mediator
- Qatar is among the international mediators involved in the talks.
3 sources
What people are saying
It could happen!
The president and I both feel pretty good about the prospects for potentially coming to a negotiated settlement
We’ve certainly made some progress. We’ll see if we can make some more.
Having destroyed their nuclear program, we want to make sure they don’t rebuild it or try to rebuild it.