US Vice President JD Vance said Thursday that negotiations with Tehran were advancing, though key issues remained unresolved. Speaking to reporters, Vance said discussions were continuing over Iran’s uranium enrichment activities and its stockpile of enriched material.
“We’re not there yet, but we’re getting close,” Vance said, adding that the administration remained optimistic about the direction of the talks.
According to reports, Washington and Tehran have been discussing a framework that would prolong the truce for another 60 days while allowing commercial shipping to resume through the strategically vital Strait of Hormuz. Any final arrangement, however, is still awaiting approval from US President Donald Trump, while Iranian officials have maintained that negotiations are ongoing and no agreement has been formally concluded.
If finalised, the understanding could mark the most significant de-escalation since hostilities erupted on February 28. Negotiators are also believed to be discussing broader issues tied to Iran’s nuclear programme, sanctions relief and maritime access in the Gulf.
The proposed framework reportedly includes guarantees for unrestricted shipping through the Strait of Hormuz and a rollback of certain US restrictions affecting Iranian ports and oil exports.
The diplomatic push follows renewed exchanges between the two countries in recent days, despite an earlier ceasefire announced in April.
Global oil markets reacted positively to reports of possible progress, with prices easing on expectations that one of the world’s most critical energy transit routes could remain open. The Strait of Hormuz carries roughly 20 percent of global oil and liquefied natural gas supplies.
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