16:38 25-05-2026

US-Iran Deal Could Reopen Strait of Hormuz

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US and Iran negotiators have outlined a deal to reopen the Strait of Hormuz, ease oil sales and address Tehran’s enriched uranium stockpiles.

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American and Iranian negotiators have broadly agreed on the main parameters of a possible deal aimed at reducing tensions in the Middle East, The New York Times reported, citing an unnamed senior U.S. official. Final approval by the leadership of both countries could still take several days.

According to the newspaper, the proposed agreement includes reopening the Strait of Hormuz and a commitment by Tehran to dispose of its stockpiles of highly enriched uranium. The mechanism for carrying out that central part of the deal, however, remains under discussion.

The NYT reports that U. S. President Donald Trump is seeking to place the radioactive material under American control. Washington sees this as part of its effort to restrict Iran’s nuclear program. Iranian officials have not publicly disclosed details of the potential agreement.

Earlier, U.S. representatives said a framework arrangement with Iran was about 95 percent ready. Axios reported that the draft deal includes a 60-day ceasefire. During that period, the Strait of Hormuz would be opened, and Iran would be able to sell its oil freely. The sides also plan to hold talks on limiting Iran’s nuclear program.

In exchange for unblocking the strait, Washington would be expected to lift the blockade of Iranian ports and grant Tehran specific sanctions exemptions allowing oil sales to resume.

The timeline for restoring shipping and bringing down energy prices remains uncertain. Experts do not expect oil prices to fall quickly.

At present, between 1,500 and 2,000 vessels are blocked in the Persian Gulf. Mines laid by Iran remain the main obstacle to their movement. The United States and its allies are expected to need several weeks just to deploy minesweepers. The International Energy Agency estimates that a full recovery of exports will require at least two to three months.