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US-Iran talks focus on uranium transfer, rapid Strait of Hormuz reopening

A draft proposal in ongoing US-Iran negotiations reportedly seeks to address nuclear concerns through uranium stockpile transfers and guarantees a swift reopening of the critical Strait of Hormuz shipping lane within a week.

LSN India · 31 October 2026

US-Iran talks focus on uranium transfer, rapid Strait of Hormuz reopening

Negotiations between the United States and Iran have reportedly centred on a framework addressing Tehran's enriched uranium reserves, according to diplomatic sources tracking the talks. The draft proposal under discussion calls for Iran's accumulated stockpile of enriched uranium to either be transferred to a third country or have its enrichment levels substantially reduced, potentially easing Western concerns over nuclear proliferation.

China has emerged as a potential guarantor in the arrangement, according to reports of the emerging framework. Such a role would position Beijing as a neutral custodian capable of verifying compliance with any agreed terms, reflecting the complex diplomatic dynamics surrounding regional security arrangements.

Crucially, the proposal includes provisions for reopening the Strait of Hormuz, one of the world's most strategically vital shipping corridors, within seven days of implementation. The waterway's closure or disruption carries significant implications for global energy markets and maritime commerce, particularly affecting trade flows to South Asia and beyond.

The talks represent ongoing efforts to bridge differences between Washington and Tehran on nuclear matters and regional security. While details remain preliminary, the framework signals both parties' engagement with substantive solutions involving third-party verification mechanisms and concrete timelines for confidence-building measures.