Report: The US and Iran are close to a nuclear breakthrough that will limit uranium enrichment to 3.67%.
The United States and Iran may reach a preliminary agreement to reduce Iran's uranium enrichment levels from the current level of 60%, the Al-Arabiya network reports from Mekorot.
According to the sources, the parties are seriously discussing a new Qatari-Pakistani initiative that would limit uranium enrichment on Iranian soil to 3.67%.
Additional elements that are reportedly under discussion include:
Bringing in a third country to help reduce Iran's uranium enrichment levels.
Coordinating the return of the inspectors of the International Atomic Energy Agency to Iran, although the scope of their powers has not yet been clarified.
If an agreement is reached, the United States could release between $6 billion and $9 billion in Iranian assets, the network adds.
According to the report, the initiative also includes the immediate opening of the Strait of Hormuz and the lifting of the naval blockade as part of the deal.