ERBIL, Kurdistan Region of Iraq - US President Donald Trump on Friday laid out a set of conditions Iran must agree to in order to advance toward a peace agreement, including never having a nuclear weapon, fully reopening the Strait of Hormuz and removing all mines, and destroying all of its enriched uranium, while announcing that the naval blockade on Iranian ports “will now be lifted.”

On Thursday, Axios, citing US officials, reported that the warring sides had agreed on a framework for extending the ceasefire for 60 days that is awaiting Trump’s approval. The report was later confirmed by other international outlets.

“Iran must agree that they will never have a Nuclear Weapon or Bomb. The Hormuz Strait must be immediately open, no tolls, for unrestricted shipping traffic, in both directions. All water mines (bombs), if any, will be terminated,” Trump said in a Truth Social post.

He added that the enriched uranium “which is buried deep underground with virtually collapsed mountains, caused by our powerful B2 Bomber attack 11 months ago” will be unearthed and destroyed by the US and China in coordination with Iran and the International Atomic Energy Agency (IAEA).

In June last year, the US bombed key nuclear facilities across Iran during the 12-Day War.

In response to the renewed US-Israeli strikes in late February, Iran closed the Strait of Hormuz, a key waterway responsible for the transport of roughly 20 percent of the world’s oil, sharply driving up global oil prices.

In return, the US has imposed a naval blockade on Iranian ports, which Trump says costs Iran $500 million daily.

“Ships caught in the Strait due to our amazing and unprecedented Naval Blockade, which will now be lifted, may start the process of ‘heading home!’,” Trump announced.

Earlier in the day, the US Central Command (CENTCOM) said its forces continue to enforce the naval blockade on Iranian ports, noting that they have so far redirected 115 commercial vessels “to ensure no commerce enters or leaves Iranian ports.”

The American president concluded his post by stating: “I will be meeting now, in the Situation Room, to make a final determination.”

Tehran has also approached Oman as a fellow coastal state on the strait to devise a mechanism to share management of the Strait of Hormuz, a move condemned by world leaders who have stressed freedom of navigation in the international waterway.

Trump on Wednesday addressed reports of plans for joint Iranian-Omani control of the Strait of Hormuz, asserting that Oman “will behave” and reject any such mechanism, “or we’ll have to blow them up.”

Oman acted as the mediator between the two sides during the 12-Day War and prior to the ongoing conflict which began in February.

In recent months, Pakistan has acted as the official mediator between the warring sides, with the first round of talks being held in Islamabad in April, shortly after the initial ceasefire was announced. The talks resulted in no deal.

Since then, the two sides have sent proposals to continue peace talks back and forth, with Tehran calling Washington’s demands excessive and Washington dubbing Tehran’s unacceptable.

Although the ceasefire largely stopped hostilities between the warring sides, flare-ups in the Strait of Hormuz have led to minor clashes.