According to Bloomberg, Iran is close to a temporary agreement with the United States that would grant it significant financial relief. The deal would allow Iran to resume oil exports immediately, with the US issuing sanction exemptions for Iranian crude and petrochemicals. In return, the US and its allies would end the naval blockade of Iranian ports, and a $300 billion economic reconstruction program would be prepared. The agreement also includes a 30‑day plan to normalize shipping through the Strait of Hormuz and provisions to release blocked Iranian assets, though timelines are unclear. Key conditions require Iran to forgo nuclear weapons development, halt enrichment of weapons‑grade material, and guarantee free navigation in the Strait, while US sanctions would be gradually lifted in subsequent months, and regional conflicts such as in Lebanon would be urged toward resolution.