Diplomatic talks mediated by Qatar have shown tentative momentum in early November 2026, with US President Trump signaling after his November 9 meeting with the Qatari prime minister that further major strikes are not expected for now and describing positive movement toward resolution. The eight-month conflict continues with low-level US strikes on Iranian targets such as Qeshm island and Iranian restrictions on Strait of Hormuz shipping amid a US naval blockade. Iran continues to insist on its seven conditions—including an end to the blockade and certain sanctions relief—before any full reopening or broader talks on its nuclear program, while US officials have rejected these terms as unrealistic. Any effective ceasefire would require verifiable de-escalation on both sides and agreement on maritime access within the market's two-week pause window.