US, Iran 'very close' to peace deal, Strait of Hormuz in focus

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The United States and Iran are engaged in indirect negotiations to establish a framework for a potential agreement, amidst concerns over missile defence capabilities and enriched uranium.

Minab attack site

IMAGE: An Iranian woman who lost two of her children in Minab school strike on February 28, stands at the spot on May 21, 2026. Photograph: Majid Asgaripour/WANA (West Asia News Agency) via Reuters

Key Points

  • The US and Iran are engaged in indirect talks to develop a framework for a potential agreement.
  • Intensive mediation efforts are underway, including discussions on the status of the Strait of Hormuz.
  • The US has used a significant portion of its missile defence interceptors to defend Israel.
  • Concerns are rising about the US's commitment to global security due to the imbalance in missile defence inventory.
  • Donald Trump stated that Iran will not be allowed to keep enriched uranium.

The United States and Iran are engaged in indirect talks aimed at developing a framework for a possible agreement, Iran's ISNA News Agency reported.

According to the report, the two sides are currently exchanging messages and draft texts. An Iranian official earlier told Al Jazeera that negotiators were 'very close' to reaching an understanding.

 

Mediation Efforts and Strait of Hormuz Discussions

The report also said that intensive mediation efforts are underway, with Mohsin Naqvi currently in Iran to discuss the status of the Strait of Hormuz.

However, Al Jazeera noted that it is still too early to determine whether a final agreement is within reach.

US Missile Defence Inventory Concerns

The talks come at a critical juncture as the US has coughed up much of its advanced missile defence interceptors' inventory after burning the candle at both ends for defending Israel using munitions as compared to Israel itself in its war with Iran, The Washington Post has learnt.

According to US officials who spoke to The Washington Post under condition of anonymity on Thursday, the imbalance in the weighing scale raises concerns about the US's commitment to global security.

The United States launched more than 200 Terminal High Altitude Area Defense (THAAD) interceptors to defend Israel along with more than 100 Standard Missile-3 and Standard Missile-6 interceptors fired from naval vessels in the eastern Mediterranean, emptying almost half of the Pentagon's inventory.

Israel, meanwhile, fired fewer than 100 of its Arrow interceptors and around 90 David's Sling interceptors, some of which were used against less sophisticated projectiles fired by Iran-backed groups in Yemen and Lebanon.

Trump's Stance on Enriched Uranium

Earlier in the day, US President Donald Trump said that Iran will not get to keep the enriched uranium.

"We get the highly enriched. We will get it. We don't need it; we don't want it. We'll probably destroy it after we get it. But we're not going to let them have it. The Iran conflict. That'll end soon, very soon. And when it ends, your gasoline prices will go down lower than they were before." he said.