Doha round ends without a deal, new draft on the table, oil prices plunge (2 November 2026)

By Omid57.info Editorial Desk · Published 3 November 2026 · 3 min read

Reuters, CNBC, France 24 and Fox News on 2 November 2026: Iran's delegation left Doha, a draft deal is circulating, and Trump says he is in 'no hurry' to resume strikes.

Reports from Monday evening, 2 November 2026, show that the latest round of indirect talks between the Islamic Republic and the United States in Qatar ended without a clear result, but contact has not been broken. One day before the US midterm elections, the oil market reacted most strongly.

Reuters: the delegation left, the draft stayed

According to Reuters (republished by Al-Monitor), Iran's negotiators left Doha on Sunday. An official briefed on the talks said they did not leave because of problems in the negotiations; a draft agreement is now being passed between the sides and a follow-up meeting is possible. Foreign Minister Abbas Araghchi called the consultations "very intensive" and said everything depends on Washington's "political rationality".

Spokesman Esmaeil Baghaei told Reuters the basis remains the seven-step plan from September, now condensed so it could be carried out within two days: the US ends its blockade of Iranian ports, Iran reopens the Strait of Hormuz, the US grants an oil-sales waiver and cancels new sanctions. Nuclear talks would only start afterwards.

Fox News: "no rush"

Fox News quotes Trump as saying he is in "no hurry" to resume strikes but will do something "one way or the other". Citing Axios, the network reports that Qatar has proposed three days of "confidence-building measures" before direct talks. Vice President JD Vance said "some progress" had been made and no deadlines had been set. Netanyahu and US War Secretary Pete Hegseth reportedly favour renewed strikes.

France 24: Tehran's two tones

France 24, citing AFP, reports that Qatar and Pakistan are playing a "very active" mediating role. At the same time, Baghaei warned that any attack would meet a "powerful, immediate and comprehensive response", and First Vice President Mohammad Reza Aref described the US messages as an "acknowledgement of our victory".

Oil market

According to CNBC, US WTI crude fell 7.4% on Monday to $96.46 and Brent fell 7.6% to $104.77 – the biggest daily drop since July. Reuters had reported a fall of almost 4% earlier in the day; the figures differ by time of reporting. A TD Securities analyst told CNBC that diplomacy alone will not remove the risk premium.

Editorial note

Today's news is not a deal, but that nobody has left the table yet. The plunge in oil prices shows how much the markets are counting on an agreement – and how quickly that hope could turn. For people in Iran, what matters most is whether an end to the blockade and sanctions would actually improve daily life. Claims of "victory" and "progress" from either side remain claims until independently confirmed.

This article was prepared by the Omid57.info editorial desk with the help of AI tools and reviewed before publication. Quotes are kept short; please read the full text at the original source.