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A potential framework deal between the U.S. and Iran could include the reopening of the Strait of Hormuz without tolls, the lifting of the U.S. blockade on Iran, and an end to all fighting, including in Lebanon.
A potential U.S.-Iran deal could allow Iran to resume selling oil.
President Donald Trump stated on Truth Social that the final framework for a deal with Iran requires sign-off from countries including the UAE, Qatar, Saudi Arabia, Turkey, Egypt, Pakistan, and Israel.
A planned vote on an Iran war powers resolution in the House of Representatives was pulled due to concerns that an increasing number of Republicans would vote to end the war.
If the Iran war powers resolution passes the House of Representatives, it would be the first time such a resolution has ever passed in the House.
A potential deal with Iran could involve the unfreezing of up to $100 billion in frozen Iranian assets.
Iran has gained significant leverage over the global economy by controlling the Strait of Hormuz.
The amount of frozen Iranian assets reportedly being considered for release is between $20 billion and $25 billion.
Gulf Arab states prefer a diplomatic resolution with Iran over renewed military hostilities that could target regional energy infrastructure.
Under a potential U.S.-Iran deal, discussions about Iran's nuclear program would be deferred for a few weeks or months.
Iran has been pushing for a two-step diplomatic process that begins with reopening the Strait of Hormuz and defers talks on its nuclear program and regional militias.
A potential U.S.-Iran deal would permit the U.S. to maintain a military presence and resume military action if a 30-day or 60-day ceasefire expires.