CAIRO (AP) — The United States is reportedly close to finalizing a deal with Iran that could end the ongoing conflict, reopen the Strait of Hormuz, and require Iran to relinquish its stockpile of highly enriched uranium. U.S. President Donald Trump stated that he advised representatives “not to rush into a deal.” He described the negotiations as proceeding in an orderly and constructive manner, emphasizing a more professional and productive relationship with Iran, despite criticism from some Republican colleagues advocating for a tougher stance.
The agreement is not expected to be finalized on Sunday, according to a source familiar with the negotiations who spoke on condition of anonymity. Previous attempts to reach a deal have faltered in recent weeks. The reopening of the Strait of Hormuz is anticipated to alleviate a global energy crisis caused by the U.S. and Israeli attacks on Iran on February 28, which led to Tehran effectively closing the waterway. Oil and gas prices have surged as a result, with experts estimating that recovery could take weeks or months once the strait is reopened.
The U.S. has maintained a blockade on Iranian ports for over a month, and Trump confirmed that it will remain in effect until a certified agreement is reached and signed. Under the emerging deal, Iran would agree to give up its stockpile of highly enriched uranium, with details on the process to be discussed during a subsequent 60-day period. Some uranium may be diluted, while the remainder could be transferred to a third country, such as Russia.
A U.S. official confirmed the 60-day timeline, stating that without Iran's compliance in relinquishing its stockpile, there would be no relief from sanctions. Iran currently possesses 440.9 kilograms (972 pounds) of uranium enriched to 60% purity, which is close to weapons-grade levels. Iranian officials have claimed that their nuclear program is peaceful, despite the high levels of enrichment.
Secretary of State Marco Rubio, during a visit to India, noted that significant progress has been made in negotiations, though not final. He outlined that the next steps involve the full reopening of the Strait of Hormuz and serious discussions regarding Iran's nuclear capabilities.
The potential deal also includes provisions for the gradual reopening of the Strait of Hormuz alongside the lifting of the U.S. blockade. The U.S. may allow Iran to sell oil through sanctions waivers, with negotiations on sanctions relief and the release of frozen Iranian funds to occur during the 60-day period.
Additionally, the draft agreement aims to end the conflict between Israel and the Iran-backed Hezbollah group in Lebanon, which escalated following the U.S. and Israeli attacks on Iran. A ceasefire has been in place since April 7, although sporadic fighting has continued. Israeli officials have expressed concerns about Hezbollah's threat and the need for Israel to maintain its right to defend itself.