Trump Says Iran Near Deal as US Offers 12‑Year Uranium Freeze and Hormuz Reopening

Context Iran and the United States have been locked in a proxy war that escalated into a 12‑day conflict, disrupting the Strait of Hormuz—a chokepoint through which roughly 20% of global oil passes. The blockade has driven up energy prices and raised recession fears. In recent days, diplomatic channels, mediated by Pakistan, have intensified.

Key Facts - President Donald Trump told reporters that “very good talks” over the past 24 hours make an agreement possible and that Iran wants to make a deal. - The U.S. memorandum proposes that Iran halt all uranium enrichment for at least 12 years. Enrichment is the process of increasing the concentration of uranium‑235, a step toward a nuclear weapon. - In exchange, the United States would lift sanctions and release billions of dollars in frozen Iranian assets held abroad. - Both parties would reopen the Strait of Hormuz within 30 days of signing, ending the competing blockades that have choked maritime traffic. - Iran is estimated to hold about 440 kg (970 lb) of uranium enriched to 60%, a level close to weapons‑grade material. - Iranian officials have not yet issued a formal response. Some lawmakers dismissed the proposal as an “American wish‑list,” while others mocked reports of progress.

What It Means If Iran accepts the 12‑year freeze, the immediate effect would be the removal of the dual blockades, likely easing oil flows and tempering global price spikes. Lifting sanctions could free up to several billion dollars for Tehran, potentially reshaping its regional economic posture. However, the proposal does not address U.S. demands on Iran’s missile program or support for proxy groups, leaving major security concerns unresolved. Iran’s sizable stockpile of near‑weapons‑grade uranium remains a point of contention; without a verifiable dismantlement plan, the risk of nuclear escalation persists.

Watch for Iran’s formal reply to the memorandum and any subsequent negotiation timeline, which will determine whether the Strait of Hormuz reopens and how the nuclear issue evolves.