
Qatar Signals Progress in US-Iran War Talks
Qatar's foreign ministry said mediators including Qatar, Pakistan, and Oman have reached "very progressive stages" in efforts to end the US-Iran war, pushing Brent crude down more than four percent.
Key Takeaways
May 10, 2026 · 2 min read · By Rishabh Bhardwaj
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Iran has sent its formal response to the latest U.S. ceasefire proposal through Pakistani mediators, state-run Iranian media reported Sunday. Tehran says it wants any negotiations to focus on permanently ending the war, not a temporary pause in fighting.
The use of Pakistan as an intermediary reflects the absence of direct diplomatic channels between Washington and Tehran. Pakistan has maintained working relationships with both countries, making it a practical go-between at a moment when back-channel communication is essential.
By insisting on a permanent end to the war as the framework for talks, Iran is signaling it will not accept a short-term ceasefire that leaves the underlying conflict unresolved. This is a higher bar than a simple halt to hostilities and could complicate or slow negotiations if the U.S. position differs on scope or timeline.
The headline reference to drones targeting Gulf nations suggests the broader regional conflict is still active, with aerial attacks continuing even as diplomatic signals are being exchanged. This combination of military pressure and diplomatic outreach is a common pattern in protracted conflicts, where parties negotiate while fighting continues.
The key questions now are whether the U.S. has responded to Iran's conditions, what specific terms Tehran is demanding for a permanent settlement, and whether Gulf states hosting U.S. military assets face continued drone threats in the interim. Any shift in the U.S. posture toward permanent settlement language would mark a significant change from prior ceasefire frameworks. The involvement of Pakistani mediators also bears watching, as their role could expand or face pressure depending on how talks develop.

Qatar's foreign ministry said mediators including Qatar, Pakistan, and Oman have reached "very progressive stages" in efforts to end the US-Iran war, pushing Brent crude down more than four percent.
Qatar confirmed it is mediating between the US and Iran but said no direct talks are currently planned. The clarification follows conflicting statements from President Trump, who claimed talks are under way, and Tehran, which denied any dialogue is happening.
Saudi Aramco reported sharply higher second-quarter 2026 profits as the Iran war restricts global oil supply and pushes crude prices up. Other oil supermajors also posted outsized earnings, raising concerns about sustained fuel cost pressure for importing economies.
President Trump called current Iran negotiations the "last chance" to end five months of conflict, pushing oil prices higher. Tehran denied formal talks are taking place, raising the risk of a diplomatic breakdown with direct consequences for global energy markets.