US-Iran talks are progressing toward an interim deal despite disagreements over nuclear work, potentially reducing immediate tensions. The prospect of an interim agreement has increased the odds of a ceasefire extension, reflecting reduced hostilities. However, uncertainty remains regarding Iran’s position on uranium, impacting the nuclear enrichment agreement market.
Progress has been indicated in backchannel diplomacy between Iran and the U.S., with a potential MoU expected to be signed followed by a comprehensive deal within 60 days. Key sticking points remain regarding Iran’s nuclear ambitions, with differing proposals on the duration of nuclear activity suspensions. Trump stated Iran would return nuclear materials, but Iranian state media disputed this, asserting no agreement existed.