State Mediator
Appears in 1 story · Last updated Nov 11, 2026
Delivered Iran's May 10 response to the US 14-point proposal; mediation continued through October without a deal. Iran also pursued parallel channels through Oman and Russia.
Oil prices have fallen sharply. Brent touched $89.65 on November 10, its lowest since August 31, and traded near $92, about 23% below the October 30 peak near $118. President Trump said he would hold off on further strikes on Iran after appeals from regional countries, while keeping the US naval blockade in the Strait of Hormuz.
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