Qatari Mediators Visit Iran... Oil Prices Plummet Amid Hopes for Negotiations

[Anchor]

As expectations grow that the war with Iran could end just ahead of the U.S. midterm elections, oil prices plummeted by more than 7 percent in a single day. A Qatari delegation acting as a mediator visited Iran to discuss terms for an agreement, and the Iranian president stated that Iran's supreme leader, who holds ultimate authority, has delegated a significant amount of negotiating discretion to the government.

Reporter Je Hui-won has more.

[Reporter]

Reuters reported that a Qatari delegation, which has been mediating the resumption of peace talks between the United States and Iran, visited the Iranian capital of Tehran on the night of November 2, local time.

The Qatari delegation reportedly discussed a tentative agreement with Iranian Foreign Minister Abbas Araghchi that night.

The discussions are known to have been based on a draft agreement that has been debated over the past eight days, though the specific details of the draft and the scope of agreement between the two sides have not been disclosed.

Iranian President Masoud Pezeshkian stated that the supreme leader has granted certain authorities to the government to resolve the crisis through dialogue, signaling an expansion of the executive branch's discretion for peace negotiations.

[Abbas Araghchi / Iranian Foreign Minister: We have already conveyed our conditions and proposals. It depends on how much political rationality the United States has and whether it has the will to choose the path of diplomacy.]

President Trump also mentioned the possibility of an agreement, stating that Iran wants a deal to end the war.

[Donald Trump / U.S. President: We are winning the war with Iran. We are winning easily. Iran wants to make a deal. A deal could happen.]

While remarks from both sides and the movements of mediator nations surrounding the possibility of ending the war continue, further coordination is still required before an actual agreement can be reached.

Iran has demanded that the U.S. lift its naval blockade, ease sanctions, and unfreeze assets prior to the opening of the Strait of Hormuz, whereas the U.S. has demanded concessions regarding Iran's nuclear program.

News that both sides are seeking diplomatic solutions to end the war caused international oil prices to plummet by more than 7 percent.

(Video Editing: Park Ji-in)
※ Please note: This article was translated by AI and may contain errors.