President Trump said the United States is close to a deal with Iran that would end the conflict and reopen the Strait of Hormuz. U.S. officials disclosed that Tehran has agreed to relinquish its stockpile of highly enriched uranium, a long‑standing demand of Washington. The commitment appears in the initial phase of talks, though details remain unsettled. Republican skeptics in Congress watch closely.

Iran’s stockpile totals about 970 pounds enriched to 60 percent, according to the IAEA. Earlier this year U.S. Tomahawk strikes hit the Isfahan site, burying much of the material. Negotiators warned Tehran that without an initial concession the United States would resume military options, including bunker‑busting attacks or a risky U.S.–Israeli commando raid that was never approved. Iranian officials have not issued a public comment.

The uranium issue ties directly to the release of billions of dollars in frozen Iranian assets. Washington plans to channel most of those funds into a reconstruction pool only after a final nuclear agreement is reached, giving Tehran a financial incentive to stay at the table. The current pledge therefore represents a concrete step toward unlocking those assets. Analysts say markets will react to asset unfreeze.