Details of potential U.S.-Iran deal begin to emerge after Trump announces progress

U.S. President Donald Trump declared on Saturday that negotiations with Iran on regional security, including the reopening of the Strait of Hormuz, have reached a 'largely negotiated' stage after discussions with allies like Israel, Saudi Arabia, and Gulf states. However, Secretary of State Marco Rubio cautioned that while 'significant progress' has been made, no final agreement has been reached, adding that a nuclear-free Iran remains a key goal. Two regional officials briefed on the talks revealed that Iran has agreed to abandon its stockpile of 440.9 kilograms of uranium enriched to 60% purity—a level close to weapons-grade—with plans to dilute some and transfer the rest to a third country, possibly Russia, over 60 days. The U.S. would also lift its blockade on Iranian ports and allow limited oil sales, though sanctions relief and frozen funds remain under discussion. The draft deal includes a ceasefire between Israel and Hezbollah, as well as guarantees against Iranian meddling in regional affairs, according to the officials, who spoke anonymously. The negotiations follow a fragile ceasefire since April 7, after U.S.-led strikes in February killed Iranian officials and disrupted nuclear talks. Israeli Prime Minister Benjamin Netanyahu reportedly warned Trump that Israel retains the right to act against threats, including Hezbollah, despite concerns over Lebanon’s ability to disarm the group. The Strait of Hormuz, a critical shipping route, has been partially closed by Iran, exacerbating global economic strains. Trump’s announcement comes as tensions in the Middle East remain high, with Iran’s closure of the Strait of Hormuz disrupting oil and gas supplies. The deal’s success hinges on Iran’s compliance with uranium reduction and regional non-interference, while the U.S. and allies assess the risks of Hezbollah’s continued influence.