Negotiations may secure a 15-year halt on Iran’s uranium enrichment and stockpile dilution, easing geopolitical tensions.
The US and Iran are close to finalizing an agreement that would freeze Iran’s nuclear program for 15 years, according to officials involved in negotiations. Key terms include a suspension of uranium enrichment and the dilution of Iran’s existing stockpile of enriched uranium under international oversight.
Earlier demands from the US sought a 20-year freeze, while Iran initially proposed 10 years. The compromise at 15 years follows discussions on dismantling nuclear sites and permitting snap inspections, though Tehran’s stance on military site access remains unclear.
The potential deal revives elements of the Obama-era agreement, which Iran later breached by expanding enrichment activities at Fordo. Market reaction may hinge on the final terms and enforcement mechanisms.