Iran latest: US finalizing deal to end war, reopen Strait of Hormuz

U.S. negotiations are nearing a final agreement to end the war and reopen the Strait of Hormuz, though officials caution no deal will be rushed. President Trump said the talks are proceeding in an orderly, constructive manner, and he has instructed representatives not to rush to a deal. Claims surface that the agreement would require Iran to abandon its pursuit of a nuclear weapon, and Tehran would surrender its stockpile of highly enriched uranium, with further details to be negotiated over a 60-day period. Officials say the uranium amount could be diluted or partially transferred to a third country, potentially Russia, amid ongoing discussions.

Officials said the Strait of Hormuz would open gradually in parallel with the US ending its blockade of Iran’s ports once a deal is certified and signed. The potential agreement would require Iran to forgo a nuclear weapon program, with Tehran agreeing to relinquish its stockpile of highly enriched uranium, though how to transfer or dilute it remains under negotiation over a 60-day period. Iran currently possesses about 440.9 kilograms (972 pounds) of uranium enriched up to 60%, a figure reported by officials and tied to IAEA estimates. If concluded, the deal could ease a global energy crisis sparked by earlier strikes and restore oil shipments, though market timing could stretch over weeks or months.