The United States and Iran are negotiating a 60-day cease-fire as their armed conflict reaches its 84th day [1], [2].

This diplomatic push comes as both nations seek to stabilize the Middle East and secure the Strait of Hormuz, a critical global shipping lane. The resolution of this conflict would mitigate significant risks to international oil prices and regional security.

Iranian officials have offered a 10-year limit on uranium enrichment in exchange for sanctions relief [2]. This proposal targets the core of the long-standing dispute over Iran's nuclear program. According to reports, both sides have already exchanged draft proposals to end the conflict [1].

U.S. officials have linked deeper diplomatic engagement to the reopening of the Strait of Hormuz. Marco Rubio said the United States was prepared to enter "into very serious talks" about Iran's nuclear programme if Iran reopened the strait [3]. Other reports indicate the strait may reopen 30 days after a strike [3].

The conflict has involved the U.S., Iran, and Israel, centering on regional security concerns, and the Iranian nuclear program [2], [3]. While the war has lasted 84 days [1], diplomatic mediation is now focusing on a 60-day truce to halt active hostilities [2].

Negotiations remain complex as the U.S. balances security demands with the potential for a long-term nuclear agreement. The current proposals represent a significant shift toward diplomacy after nearly three months of combat.

Iran offers a 10-year limit on uranium enrichment in exchange for sanctions relief.

The transition from active combat to draft proposals suggests that both the U.S. and Iran have reached a military stalemate. By linking the reopening of the Strait of Hormuz to nuclear talks, the U.S. is using maritime commerce as leverage to secure long-term nuclear concessions, while Iran is leveraging its enrichment capabilities to secure economic relief from sanctions.