The United States and Iran are reportedly close to finalizing a deal that could end the ongoing conflict in West Asia. Both parties have acknowledged progress in negotiations, with US President Donald Trump stating that talks are going 'nicely.' Central to the proposed agreement is a 60-day ceasefire, which aims to halt hostilities across all fronts, including the conflict involving Israel and Hezbollah. This ceasefire would facilitate the gradual reopening of the Strait of Hormuz, crucial for international oil and natural gas supplies. Additionally, the deal may include a US sanctions waiver on Iranian oil, which would significantly enhance Iran's economic situation by allowing it to export oil freely. A major point of contention remains the release of billions of dollars in frozen Iranian assets, with recent Qatari mediation reportedly leading to a breakthrough on this issue. Furthermore, the US insists that Iran must relinquish its stockpile of highly enriched uranium, a non-negotiable demand that Iranian negotiators have stated is not currently part of the discussions. The outcome of these negotiations could be announced soon, signaling a potential shift in regional dynamics.