Negotiations between the United States and Iran regarding the reopening of the Strait of Hormuz face significant hurdles, primarily due to disputes over nuclear disposal and sanctions relief. President Donald Trump announced on Truth Social that the US naval blockade would remain in effect until a formal agreement is signed, contradicting earlier statements suggesting progress. A senior US official revealed that Iran has tentatively agreed to open the strait and dispose of its highly enriched uranium in exchange for lifting the blockade, but practical details concerning the disposal process remain unresolved. Meanwhile, Iran's Revolutionary Guards reported a drastic reduction in vessel transits through the strait, with only 33 vessels passing in the last 24 hours compared to a pre-war average of 140. The situation is compounded by claims from Iran that the US is hindering negotiations by refusing to release billions of dollars in frozen oil revenues. The chief of the Abu Dhabi National Oil Company indicated that normal oil flow through Hormuz might not be restored until the first or second quarter of 2027, highlighting the ongoing impact of the conflict on global energy markets and supply chains.