With the US and Iran close to concluding a deal to end the conflict in West Asia, key details are emerging. Both sides have noted progress in negotiations, with President Donald Trump saying talks were going "nicely".
The proposed deal would initiate a 60-day ceasefire extension, ending hostilities on all fronts, including Israel's war with Hezbollah. This would allow time to resume shipping through the Strait of Hormuz after clearing mines and rebuilding energy infrastructure.
The Strait of Hormuz would gradually reopen as the US ends its blockade of Iranian ports, and a US sanctions waiver on Iranian oil might be included. Qatari mediation has led to a breakthrough on releasing billions of dollars in frozen Iranian funds.
Under the potential deal, Iran would agree to give up its highly enriched uranium stockpile, with details to be negotiated over a 60-day period. The deal is expected to be announced soon, with officials hinting at a strong likelihood of a US-Iran agreement.
