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# An $8 billion Iranian proposal reached the White House and took another 4% off oil
- URL: https://www.sharespective.com/stories/8-billion-iranian-proposal-reached-white-2026-11-10/
- Published: 2026-11-09T22:15:01.000Z
- Updated: 2026-11-09T22:50:38.000Z
- Description: West Texas Intermediate settled at US$86.85 on Monday, down 4.4%. Brent dropped below US$93. Both have been sliding since Iran and the United States began signalling they would rather talk than fight.
- Author: Shaun Botha
- Tags: Energy, #story, #group-energy

West Texas Intermediate settled at US$86.85 on Monday, down 4.4%. Brent dropped below US$93\. Both have been sliding since Iran and the United States began signalling they would rather talk than fight.

**Qatar's prime minister is carrying the paperwork.** An Iranian proposal landed at the White House on Monday. Iran would reopen the Strait of Hormuz and stop attacking tankers in the Gulf.

Washington's side of it is larger than it looks. It would lift the naval and economic blockade of Iran and release US$8 billion of Iranian money frozen in Qatar. Tehran has dropped its demand to control the strait and charge ships to pass.

Two things could still sink the whole thing. Iran will not discuss its nuclear programme, and several of Donald Trump's cabinet oppose any deal. Trump said further American strikes are "highly unlikely" if the talks produce a strong result.

What to watch 

whether barrels actually move. Iraq has separately agreed with Washington to lift its own exports through Hormuz, and cargoes leaving port can be counted. The Iranian proposal has not been signed by anybody.

[ This story ran in Everything Except Nvidia Tuesday 10 November’s edition, with the market snapshot, the other two stories, the numbers and the week ahead. Read the whole edition → ](https://www.sharespective.com/sharespective-2026-11-10/)