US and Iran edge toward deal to reopen Strait of Hormuz and curb uranium stockpiles, but final hurdles remain
Negotiators from the US and Iran have reached a preliminary agreement to reopen the Strait of Hormuz and limit Tehran’s highly enriched uranium, though key disputes over frozen assets and nuclear verification threaten to derail the deal, officials said on Monday. The framework, described as "95% complete" by a senior Trump administration official, would extend a 60-day ceasefire and set a timeline for future nuclear talks—but falls short of a final settlement.
Iran has agreed in principle to dispose of its stockpile of highly enriched uranium, which US President Donald Trump has dubbed "nuclear dust," according to a CNN report citing a senior administration official. The proposed arrangement follows a "No dust? No dollars" principle, with the US demanding strict verification measures before releasing any frozen Iranian assets. A separate Iranian source told CNN that the Strait of Hormuz is "already open" but requires coordination with Tehran to ensure safe transit—a claim that contrasts with earlier US assertions that the waterway remains restricted.
Despite progress, Iran’s Foreign Ministry spokesperson Esmail Baghaei warned that "no one can claim we are close to reaching an agreement." While Baghaei acknowledged that "a large portion of the issues under discussion" have been resolved, he stressed that final approval from Tehran’s leadership is not imminent. Iran has also rejected any linkage between the release of its frozen assets and its nuclear program, insisting that funds must be unfrozen immediately upon any deal’s announcement. "If frozen assets are not released as a first step, a red line will have been crossed, and there will be no agreement," an Iranian source told the Tasnim News Agency.
US Secretary of State Marco Rubio confirmed that negotiators have agreed on a framework to reopen the Strait of Hormuz and initiate time-limited nuclear talks, but emphasized that "any deal still requires full Iranian acceptance and compliance." The Trump administration has framed the agreement as a trust-but-verify approach, with Rubio stating that Iran will either comply or face "another way"—a veiled threat of renewed military or economic pressure. However, skepticism runs deep on both sides. An Iranian source told Tasnim that Tehran "holds no optimism toward the US," citing past breaches of agreements, and will "closely monitor US actions" post-deal.
The proposed agreement excludes Iran’s missile program and broader uranium enrichment activities, deferring those issues to future negotiations within 30 to 60 days. If finalized, the deal would end the US blockade of Iranian ports—a key demand from Tehran—but leaves unresolved questions about the sequencing of sanctions relief and nuclear concessions. The war, which began in February 2026 with joint US-Israeli strikes on Iran, has killed thousands and disrupted global energy markets, adding urgency to the talks.
Background tensions persist. Trump has assured Israeli Prime Minister Benjamin Netanyahu that the US supports Israel’s "freedom of action against threats on all fronts," including Lebanon, signaling that regional security dynamics remain volatile even if a deal is struck. Meanwhile, GOP hawks in the US Congress have criticized the emerging framework as a "bailout" for Iran’s regime, arguing that concessions are being made before Tehran proves its compliance. The final text remains unsigned, with both sides acknowledging that days—or even weeks—of further negotiation may be needed.
> Background: **TRENDING — Trump delays Iran deal signing amid nuclear and Strait of Hormuz disputes** — *10 hours ago*
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US and Iran near deal to curb uranium stockpiles and reopen Strait of Hormuz