CAIRO (AP) — The United States is on the verge of finalizing an agreement with Iran that could bring an end to the ongoing conflict, facilitate the reopening of the Strait of Hormuz, and lead Iran to relinquish its stockpile of highly enriched uranium, according to regional officials who spoke with The Associated Press on Sunday. Specific details and timelines for the agreement are still under negotiation.
Although Iran has yet to make a public commitment to surrender its uranium reserves—a crucial demand from U.S. President Donald Trump—progress appears to be underway. Trump announced on Saturday that a deal had been “largely negotiated” following discussions with Israel and other regional allies. Despite previous attempts that have faltered, there is renewed hope for a successful diplomatic resolution.
“The negotiations are advancing in a methodical and constructive fashion,” Trump stated on social media Sunday. He emphasized that he has instructed his representatives to avoid rushing into an agreement, adding that the U.S. relationship with Iran is becoming “much more professional and productive.”
A source knowledgeable about the negotiations, who requested anonymity due to the sensitive nature of the talks, confirmed that the agreement would not be signed on Sunday.
The reopening of the Strait of Hormuz is anticipated to alleviate the global energy crisis, which was exacerbated by the unexpected U.S. and Israeli strikes on Iran on February 28. In response, Tehran had effectively shut down the crucial maritime route. The closure has led to soaring prices for oil, gas, and related commodities, impacting the global economy. Industry experts predict it could take several weeks or even months for shipping activities and prices to stabilize once the strait resumes operations.
The U.S. has blockaded Iranian ports for over a month, and Trump on Sunday said the blockade “will remain in full force and effect until an agreement is reached, certified, and signed.”
The emerging deal would include Iran giving up uranium
Secretary of State Marco Rubio, on a visit to India, said that “significant progress, although not final progress, has been made” in negotiations, and the world would no longer need to fear Iran getting a nuclear weapon.
Rubio told India Today that the “first stage” of any deal would be the full reopening of the strait. “The second is that Iran needs to enter into serious negotiations on three topics: their pledge never to have nuclear weapons, restrictions long-term on their enrichment capabilities, and what do you do with the highly enriched uranium?”
Iran’s President Masoud Pezeshkian told state TV they were ready “to assure the world that we are not after a nuclear weapon.”
Iran’s embassy in India responded to Rubio on social media, saying Tehran has an “inalienable” right to nuclear technology. Iran has always insisted its program is peaceful while enriching uranium to near weapons-grade levels.
Under the potential deal, Tehran would agree to give up its stockpile of highly enriched uranium, according to the two regional officials, who spoke on condition of anonymity to discuss the sensitive negotiations.
One official, with direct knowledge of the negotiations, said how Iran would give up the uranium would be subject to further talks during a 60-day period. Some would likely be diluted, while the rest would be transferred to a third country, the official said. Russia has offered to take it.
Iran has 440.9 kilograms (972 pounds) of uranium that is enriched up to 60% purity, a short, technical step from weapons-grade levels of 90%, according to the International Atomic Energy Agency.
Trump has sought greater concessions from Iran than those required under a 2015 Obama-era agreement that the U.S. later withdrew from under Trump.
On Saturday, Iranian Foreign Ministry spokesman Esmail Baghaei told the state-run news agency that there are “narrowing differences” between the Iranian and U.S. positions, but Iran is cautious after being attacked twice in the past year during nuclear negotiations.
Pakistani army chief Asim Munir, a key mediator, left Tehran late Saturday after more talks with Iranian officials.
The strait would reopen and Iran would be able to sell oil
Under the emerging agreement, the Strait of Hormuz would gradually reopen in parallel with the U.S. ending its blockade, the two regional officials told AP.
The U.S. would allow Iran to sell its oil through sanctions waivers, said the second official, who has been briefed on the negotiations. Sanctions relief and the release of Iran’s frozen funds would be negotiated during the 60-day time frame, the official said.
Both officials said the draft deal includes an end to the war between Israel and the Iran-backed Hezbollah militant group in Lebanon.
Twelve weeks have passed since the U.S. and Israel attacked Iran, killing its supreme leader and other top officials. A ceasefire with Iran has held since April 7, though the sides have exchanged fire on occasion.
Several countries, including the European Union and the United Kingdom, welcomed progress on a possible deal with Iran.
Israel remains concerned over Hezbollah
Prime Minister Benjamin Netanyahu, in a social media post Sunday, said he and Trump that “any final agreement with Iran must eliminate the nuclear danger,” and that Trump had reaffirmed Israel’s right to defend itself “on every front, including Lebanon.”
Israeli officials are concerned that Hezbollah remains a serious threat to Israel and that Lebanon is ill-equipped to disarm it.
A fragile, U.S.-brokered ceasefire took effect in Lebanon on April 17, but fighting has continued, mainly in the south. Hezbollah has launched daily drone and rocket attacks on Israeli forces and northern Israel, and Israel has struck targets across Lebanon while its troops remain in large swaths of the south.
More than 3,000 people have been killed in the latest round of fighting, according to the Lebanese Health Ministry. Additionally, 22 Israeli soldiers and a defense contractor have been killed in or near southern Lebanon, and two civilians have been killed in northern Israel, according to Netanyahu’s office.
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Lidman reported from Tel Aviv, Israel. Associated Press writers Darlene Superville in Washington, Sheikh Saaliq in New Delhi and Munir Ahmed in Islamabad contributed to this report.
