Welcome to the NewsHour.

President Trump told PBS NewsHour today, there's a, quote, very good chance.

The U.S. and Iran are close to a deal to end the war and reopen the Strait of Hormuz.

But he added to our Liz Landers that he has felt that confidence before only for there to be no deal reached.

He echoed that cautious optimism in the Oval Office this afternoon.

We've had very good talks over the last 24 hours, and it's very possible that we'll make a deal.

We've had some good talks before, as you know, and all of a sudden the next day, they're, like,

they forgot what happened. The deal on the table would be a negotiated memorandum of understanding that

would limit Iran's nuclear program and open the Strait of Hormoz, where Iran has kept its

chokehold since the beginning of the war and where U.S. warships continue to keep a blockade.

Our Nick Schifrin's been reporting out the details of the negotiation. He's traveling and joins me

now from

Austin. So, Nick, what else is in this possible deal and how confident are U.S. and Iranian

officials that they can reach a deal? Well, as you just mentioned, President Trump, told our colleague

Liz Landers that he believes a deal is close, although he's felt that optimism before. But an Iranian

official does confirm to me that there has been progress. So what's in the deal? According to an Iranian, a senior regional, and a senior European official, they tell me the first phase of the negotiations would focus on the Strait of Hormuz. Iran would lift its chokehold over the Strait and the U.S. would end its blockade. All parties would declare an end of the war,

including Iranian proxy Hezbollah and Israel. And then the strait would be opened as quickly as possible.

The second phase would focus on the longer running issues of contention between the U.S. and Iran.

Iran would freeze its domestic uranium enrichment, but the time frame is still under negotiation.

The U.S. has raised 20 years. Earlier Earlier Iran countered with five years, with a possible five-year extension.

Today, President Trump told Liz Landers the deal does not include any authorization of low-level

Iranian enrichment after that freeze ends.

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