U.S. and Iran Report Progress Toward Deal to Reopen Strait of Hormuz

U.S. and Iranian officials signaled progress over the weekend toward an initial agreement that could reopen the Strait of Hormuz and reduce hostilities. President Trump stated on social media that an agreement had been "largely negotiated" and would be announced shortly.

Secretary of State Marco Rubio said significant progress had been made in the past 48 hours. He indicated that updates on the shipping situation at the strait could come within hours.

U.S. official said the draft had not yet been signed and still required final approval from President Trump and Iran's supreme leader. The mechanism for disposing of Iran's highly enriched uranium remained under negotiation. S. naval blockade, halt fighting involving Israel and Hezbollah, reopen the strait without tolls, and release $25 billion in frozen Iranian assets.

Iranian state media reported that management of the strait would remain under Iran's authority.

Fars news agency stated that Iran's nuclear program, blocked funds, and control of the strait are still serious points of disagreement. S. objections to certain clauses. Trump posted that he had instructed negotiators not to rush and described the prospective deal as the opposite of the 2015 nuclear agreement. Iranian officials have maintained that enriched uranium will not leave the country.