Washington: The US and Iran have reached a preliminary agreement to reopen the Strait of Hormuz, with Tehran agreeing to dispose of its highly enriched uranium, a US official revealed, according to a report by The New York Times.

According to Anadolu Agency, the agreement awaits final approval from US President Donald Trump and Iran's Supreme Leader Mojtaba Khamenei. The final sign-off could take several days as the parties negotiate the disposal method for Iran's enriched uranium. The deal does not cover Iran's missile stockpile or impose a moratorium on uranium enrichment, leaving these issues for future negotiations.

A Fox News report stated that the US might consider significant sanctions relief if Iran makes concessions regarding its uranium stockpile. The US official indicated Washington is witnessing unprecedented accommodations from Tehran in these talks.

The report also mentioned that a tolling mechanism for the Strait of Hormuz was not proposed by either side, and such an idea would be unacceptable. A separate CBS News report highlighted that the emerging agreement is viewed as stronger than the 2015 nuclear deal under former President Obama, which permitted uranium enrichment to certain levels.

As part of the agreement, the US would lift its blockade on vessels entering and leaving Iranian ports. The US Central Command and Gulf partners would coordinate to ensure safe passage, clarifying that this should not be seen as a toll system. US Vice President JD Vance, Middle East Envoy Steve Witkoff, and Trump's son-in-law Jared Kushner have been involved in the talks, aiming to include all regional allies in the process.