What we know today about potential US, Iran deal as Trump says not to rush

The United States is nearing a potential agreement with Iran that could bring an end to the current conflict, reopen the critical Strait of Hormuz, and secure the surrender of Iran’s highly enriched uranium stockpile. Regional officials confirmed these developments on Sunday, though they noted that the specific timelines and logistical details remain under review.

Negotiations and Trump's Stance

While progress is being made, Iran has not yet officially committed to relinquishing its uranium—a primary objective for President Donald Trump. Following discussions with Israeli leadership and regional allies, Trump noted on Saturday that a deal was “largely negotiated.” By Sunday, he shared on social media that the talks are moving in an “orderly and constructive manner.” Trump also emphasized that his representatives are in no rush, stating that time is currently on the side of the United States and describing the evolving relationship with Tehran as “much more professional and productive.”

Economic Impacts and Blockades

The potential reopening of the Strait of Hormuz is expected to provide much-needed relief to a global energy market reeling from the Feb. 28 surprise bombardment of Iran by the U.S. and Israel. That action prompted Tehran to shutter the waterway, triggering a sharp spike in costs for oil, gas, and related products. Experts suggest that recovery for global shipping and price stability may take several weeks or months. For now, the U.S. blockade of Iranian ports remains fully active, with Trump confirming it will persist until a final, signed agreement is verified.

The Nuclear Question

Secretary of State Marco Rubio, currently on a visit to India, reported “significant progress” in the negotiations, suggesting the world will no longer need to worry about Iran obtaining a nuclear weapon. Meanwhile, Iranian President Masoud Pezeshkian maintained on state TV that Tehran is not pursuing nuclear weaponry, despite the Iranian embassy in India asserting an “inalienable” right to nuclear technology. According to the International Atomic Energy Agency, Iran currently possesses approximately 440.9 kilograms (972 pounds) of uranium enriched up to 60% purity, a level dangerously close to the 90% required for weapons-grade material.

Path to Resolution

Should the deal move forward, Iran would reportedly surrender its enriched stockpile over a 60-day period, potentially through a mix of dilution and transfer to a third country, such as Russia. The agreement would also feature a gradual end to the U.S. blockade and the restoration of Iranian oil exports via sanctions waivers. Additionally, the draft includes a cessation of hostilities between Israel and the Iran-backed Hezbollah group. Despite these talks, Prime Minister Benjamin Netanyahu affirmed that any final agreement must eliminate the nuclear threat and maintained that Israel reserves the right to defend itself on every front, including Lebanon.

Conflict Status

While a U.S.-brokered ceasefire has technically been in place in Lebanon since April 17, violence continues to simmer. Over 3,000 people have lost their lives in the latest cycle of fighting, and both sides continue to trade fire as Israel maintains its military presence in southern Lebanon. With Pakistani army chief Asim Munir acting as a key mediator, all eyes remain on whether the current “narrowing differences” cited by Iranian officials can translate into a lasting regional peace.