President Donald Trump announced May 23 that negotiations with Iran are progressing and a historic breakthrough agreement could be reached soon [1, 2].

A potential peace deal would end current hostilities and establish a framework for the U.S. to recover Iran’s stockpile of highly enriched uranium [1, 3].

Speaking from the Oval Office in Washington, D.C., Trump said the administration is close to securing a deal that would stabilize the region [1, 4]. "We have largely negotiated a peace deal," Trump said [2].

While the president noted that the talks are moving ahead [5], reports on the exact timeline vary. Some sources said a potential agreement could be announced within a few hours [6], while other reports suggested a breakthrough could be signed as early as the weekend following the announcement [1].

Trump has previously characterized the diplomatic process as a work in progress. In March, the president said that talks were ongoing [7].

Discrepancies remain regarding the method of uranium recovery. Some reports suggest the U.S. does not require a nuclear deal to seize the materials, but Trump said a negotiated agreement to recover the stockpile is preferred over a unilateral seizure [2].

The proposed agreement aims to resolve long-standing tensions and remove nuclear materials that the U.S. views as a security threat [1, 3].

"We have largely negotiated a peace deal."

The shift toward a negotiated recovery of enriched uranium suggests the U.S. is prioritizing a diplomatic exit from hostilities over military escalation. If successful, this agreement would significantly reduce the risk of nuclear proliferation in the region and potentially stabilize volatile shipping lanes in the Strait of Hormuz.