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US, Iran weigh ceasefire; Hormuz, nuclear talks remain unresolved
The deal could lead to a ceasefire

US, Iran weigh ceasefire; Hormuz, nuclear talks remain unresolved

May 08, 2026
08:44 am

What's the story

The United States and Iran are reportedly in talks over a short-term agreement that could lead to a ceasefire, the reopening of the Strait of Hormuz for commercial shipping, and further negotiations on Tehran's nuclear program. The development was reported by The New York Times, which cited three senior Iranian officials familiar with the discussions. The proposed agreement would involve a 30-day pause in hostilities while both sides work toward a more comprehensive deal.

Plan details

Proposed plan to address Iran's nuclear program

The proposed plan includes three main points: lifting the US blockade on Iranian shipping and ports, reopening the Strait of Hormuz for commercial traffic, and ending military hostilities under a ceasefire agreement. More contentious issues, such as sanctions relief, Iran's nuclear program future, and frozen Iranian financial assets, would be discussed in the proposed 30-day negotiation period. However, Washington's demand for prior commitments on Iran's nuclear program remains a major sticking point.

Nuclear negotiations

US demands transfer of enriched uranium stockpile

US negotiators are reportedly seeking an agreement in principle that would require Iran to transfer its enriched uranium stockpile to the US, shut down three nuclear facilities, and suspend uranium enrichment activities for 20 years. However, Tehran is not willing to accept these conditions. Instead, Iran has proposed diluting part of its uranium stockpile and transferring the rest to a third country, possibly Russia, the report quoted officials as saying.

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Enrichment pause

Iran's proposed suspension of uranium enrichment

Iran has reportedly proposed to suspend uranium enrichment for 10 to 15 years, but no agreement has been reached on the future of the three nuclear facilities. Meanwhile, the White House has not yet commented on the negotiations. The Iranian officials said that indirect diplomatic exchanges are ongoing, and they have not formally responded to the latest US proposal.

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Skirmish

Exchange of fire between US, Iran

In related news, the US and Iran exchanged fire late on Thursday night. Iran's top military command accused the US of targeting an Iranian oil tanker and another vessel approaching the Strait of Hormuz and carrying out "aerial attacks" on several coastal areas, the BBC reported. The US, on the other hand, said it responded to Iranian attacks on US Navy guided-missile destroyers in the Strait with "self-defence strikes," with Trump saying Iran "trifled with us today."

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