️🇺🇸🇮🇷Reuters: The US and Iran are exploring a phased way to end the war that will include reopening the Strait of Hormuz and lifting sanctions against Iran.
The biggest obstacle to talks is that neither country wants to give up any leverage over the other, but the Iranians do recognize the cost of a protracted conflict.
A senior Iranian noted that the likely way to break the deadlock in the negotiations is a phased agreement.
"One of the ways forward would be to solve the crisis in stages. The first will be to end the siege and reopen Hormuz."