As of May 24, 2026, Iran has agreed in principle to dispose of highly-enriched uranium as part of negotiations with the United States, according to a senior Trump administration official. Although the agreement marks progress, the official cautioned that a formal deal may not be signed imminently.

The negotiations have been complicated, described by the official as slow and opaque, with both sides still working on the final details. The arrangement is expected to be a two-step process. In exchange for the disposal of enriched uranium, the U.S. plans to lift its blockade and reopen the Strait of Hormuz, essential for international shipping.

This negotiation aims to ensure that Iran commits to not only giving up its enriched uranium but also resolves other nuclear-related concerns. The U.S. believes this proposed deal is more favorable than the 2015 agreement under former President Barack Obama, which permitted certain levels of nuclear enrichment.

No decisions concerning the unfreezing of Iranian assets have been finalized as part of the deal. The U.S. administration emphasizes that sanctions relief will depend on Iran adhering to the agreement, especially in terms of nuclear material disposal.

The report indicates ongoing high-level discussions involving figures such as Vice President JD Vance, Middle East envoy Steve Witkoff, and President Trump’s son-in-law Jared Kushner. While Trump remains optimistic and has indicated significant accommodations from the Iranian side, he also continues to assert the importance of not rushing into any finalized agreement, suggesting that time is in the U.S.'s favor.

Overall, this development reflects a notable shift in Iranian negotiations amidst ongoing geopolitical tensions in the region. The outcome and final agreement will unfold over the coming days as both sides work through the complexities inherent in such high-stakes diplomacy.