2 min readMay 24, 2026 07:18 PM IST
US-Iran ceasefire deal: The United States is close to reaching a deal with Iran to end the nearly three months old conflict which would reopen the Strait of Hormuz, and reportedly see Tehran give up its stockpile of highly enriched uranium as President Donald Trump said that a deal is “largely negotiated”.
Regional officials said details and timeline of Iran surrendering the enriched uranium is expected to be worked out later, AP reported.
However, Iran has not officially communicated of giving up its uranium, which is a key demand of US President Donald Trump to finalise a peace deal.
Proposed ceasefire extension and economic relief
A 60-day ceasefire extension is also on the cards as other nitty gritty, including Iran freely selling oil amid sanctions waiver and unfreezing of some Iranian assets held in banks outside of Tehran will also be discussed as part of the deal.
Though Trump has said that it is essential for Iran to handover its enriched uranium for a potential ceasefire deal, a senior Tehran source told Reuters on Sunday that the Islamic Republic has not agreed to handover its highly enriched uranium, which is about 400 kilograms and has been enriched to a 60 percent purity.
Divergent reports on the nuclear stockpile
The report stated that Iran’s nuclear issue wasn’t part of the preliminary agreement with the United States. However, two US officials told the New York Times that Tehran had expressed willingness to give up its highly enriched uranium stockpile but there’s been no official commitment by the administration.
If Tehran agrees to the Trump administration’s demands to give up its stockpile, it remains unclear how the enriched uranium would be handed over in practice. Iran’s embassy in India has, however, responded over the nuclear debate and said that Tehran has an “inalienable” right to nuclear technology.
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Regional proxies and missile programs
The deal could also remain silent over Iran’s ballistic missile missile programme and to curb the Islamic Republic’s support to its regional allies such as Lebanon based Hezbollah, Yemen based Houthis or Gaza based Hamas militant group.
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