Iran Agrees to Relinquish Enriched Uranium Stockpile in Deal with U.S.

U.S. officials told reporters that Iran has agreed to relinquish its stockpile of highly enriched uranium under a nuclear agreement with the United States. President Trump said Saturday that the deal would be announced soon.

The New York Times reported, citing two U.S. officials, that Tehran pledged to give up its cache of highly enriched uranium, which is believed to be enough material for 11 nuclear bombs. The disposal of the stockpile had been a sticking point in negotiations, according to the report. U.S. officials had warned that military strikes could resume if Iran did not agree to the terms.

President Trump had earlier said the United States was nearing a deal to end hostilities and reopen the Strait of Hormuz. A six-week U.S. naval blockade has redirected more than 100 commercial vessels from Iranian ports, ship-tracking data show. The blockade has cost Tehran an estimated $435 million daily in economic damage.

" — New York Times, citing two U.S. officials. One report said Iran has not agreed to hand over the stockpile. This is a developing story.