Key Facts

• The possible deal aims to end the conflict and reopen the Strait of Hormuz, a vital route for global oil shipments.
• Iran has not officially agreed to give up its stockpile of highly enriched uranium, which is close to weapon-grade.
• President Trump said the negotiations are going well but asked that his team not rush the deal.
• The reopening of the strait could help reduce high oil and gas prices caused by recent fighting.
• The U.S. continues to block Iranian ports, maintaining a blockade until the deal is signed and verified.
• Iran insists its nuclear program is peaceful and that it has a right to nuclear technology.
• Negotiations include discussions on limiting Iran’s nuclear weapons potential and handling the uranium stockpile.
• Some uranium might be diluted or sent to another country, with Russia possibly involved in taking it.