Rules
Negotiations between the United States and Iran center on nuclear limits, sanctions relief, Strait of Hormuz navigation, and related security issues, following the June 2026 Islamabad Memorandum of Understanding that reopened the waterway for an initial period while launching technical talks on broader terms. Recent exchanges through intermediaries have stalled over control of inbound traffic and verification mechanisms, with proposals for Iranian oversight of certain routes remaining a point of contention. These developments, alongside scheduled follow-on discussions and potential extensions of the 60-day negotiation window, shape trader assessments of likely inclusions such as phased sanctions adjustments, IAEA monitoring commitments, and maritime access provisions in any finalized 2026 agreement.