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Qatar said that draft language of a deal was being circulated, while Secretary of State Marco Rubio expressed optimism about the talks but added that nothing was final yet.
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President Donald Trump has warned that the latest round of negotiations with Iran are the "last chance" to bring an end to the five-month conflict.
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Higher oil prices propelled a quarterly earnings jump for Saudi Arabia's energy giant, which used pipelines to work around disruptions in the Strait of Hormuz.
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US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent both announced talks had progressed to allow shipments to resume.
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;Resize=(620)) Iran said on Monday there are no talks underway with the United States and no plans for any meetings, contradicting U.S. President Donald Trump, who had cited talks he said would take place that afternoon as justification for calling off attacks.
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