Iranian Foreign Minister Araghchi received US feedback on Iran’s seven-point proposal via Qatari mediators in Doha and will discuss it in Tehran on Wednesday, Reuters reports

The substantive tell here is that a written proposal exists at all and that Washington has returned feedback on it, since previous negotiating episodes of this kind have tended to stall precisely at the point where one side declines to engage on a paper rather than the talks themselves. The core fault lines in these rounds have historically been enrichment scope, sanctions sequencing and verification, and movement on the first and second has usually been the precondition for anything durable. The Tehran discussion on Wednesday is the next marker: whether the Iranian response accepts the feedback as a basis or reframes it will indicate whether this is convergence or another exchange of maximalist positions. For crude, the pattern in comparable episodes has been that headline-driven premium builds and fades with each round, with durable repricing only on signed terms or verifiable supply changes rather than process news. Worth noting that Qatari mediation has carried other files in parallel, and cross-linkage between tracks has occasionally complicated sequencing.