Pakistan, Nov. 3 -- US President Donald Trump signaled potential progress in indirect diplomatic negotiations with Iran aimed at ending the eight-month conflict. Writing on his Truth Social platform, Trump stated that a peace settlement could happen soon as Tehran expressed interest in resolving the crisis. Furthermore, the diplomatic developments unfolded on the eve of the US midterm elections, where rising fuel costs have fueled voter dissatisfaction nationwide. Consequently, international oil markets reacted to the initial news, with crude prices dropping over seven percent during Monday trading sessions. Therefore, global stakeholders welcomed signs of potential de-escalation across key shipping corridors.

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