President Trump said the United States is close to reaching a largely negotiated agreement with Iran to end the war and reopen the Strait of Hormuz, though few details have been released. Iranian officials similarly described talks as being in their final stage, but public statements from both sides have outlined differing elements of the proposed deal. Key provisions appear to remain subject to further negotiation.

According to United States officials, the framework could include Iran giving up its stockpile of highly enriched uranium, with technical details to be addressed in later nuclear talks. The proposal may also involve the release of billions of dollars in frozen Iranian assets, potentially tied to progress toward a broader nuclear agreement.

Iranian officials have described a memorandum that would halt fighting across multiple fronts, reopen the Strait of Hormuz without tolls, lift the United States naval blockade, and secure the release of 25 billion dollars in frozen assets. However, they indicated that decisions about Iran's nuclear program would be deferred for 30 to 60 days.

The potential deal has drawn criticism from some Republican lawmakers, while Israel has not formally commented. Major questions remain unresolved, including how Iran's uranium stockpile would be handled and whether a long term limit on uranium enrichment can be agreed upon.